Home » Markets » Coronavirus crisis shows pharmaceuticals have offshored supply chain, Navarro says
Coronavirus crisis shows pharmaceuticals have offshored supply chain, Navarro says
Peter Navarro on how US is fighting the spread of coronavirus
White House trade adviser Peter Navarro joins ‘Sunday Morning Futures.’
White House trade adviser Peter Navarro advocated for bringing home more of the U.S. pharmaceutical supply chain amid the coronavirus crisis in China.
Continue Reading Below
"We've offshored far too much of our supply chain, not just for corona, but also for the essential medicines we need," Navarro said on "Sunday Morning Futures." "Same reasons we offshored a lot of our other stuff: it's a cheap labor environment, lax environment, and most of all, unfair trade practices."
"My part of the portfolio is to make sure our supply chains are secure and we have what we need," he said. "On the supply chain issue, for the American people they need to understand that in crises like this we have no allies."
He downplayed the threat to the U.S. economy, however.
"The American economy is extremely strong and not particularly vulnerable to what happens in China."