Trump Commerce Secretary Wilbur Ross speculated about how companies could make a profit from the virus sweeping across China.
“Commerce Secretary Wilbur Ross said the Chinese coronavirus — which has killed 170 in China and infected more than 7,700 people — could “help” to bring jobs to the United States because companies will be moving operations away from impacted areas.
During an appearance on Fox Business Thursday morning, Ross said that he didn’t “want to talk about a victory lap over a very unfortunate, very malignant disease,” and that “every American’s heart has to go out to the victims.” But he added that the pneumonia-like virus would be taken into consideration by American businesses that are scrambling to determine how the outbreak affects their supply chains. He pointed to the 2003 SARS epidemic, the “African swine virus” and now coronavirus as “another risk factor that people need to take into account.”” [READ MORE]
Video of Wilbur Ross saying coronavirus could be good for business:
Secretary Wilbur Ross says coronavirus will be good for [checks notes] American jobs: "I think it will help to accelerate the return of jobs to North America." pic.twitter.com/Y4SbDIcTi4
— Aaron Rupar (@atrupar) January 30, 2020