Business in China is a risk factor: Commerce secretary Wilbur Ross

With coronavirus hitting one of the largest country in the world, business, trade, and development has taken the back seat,

In the U.S.A., in his recent interview in the Fox Business channel, Commerce Secretary Wilbur Ross, has expressed his sympathy to the corona victims and exclaimed a strong statement on doing business inside China.

 “I don’t want to talk about the victory lap over a miserable and very malignant disease, but the fact is, it does give businesses yet another thing to consider when they go over through the review of their supply chain.”

“I think it will help to accelerate the return of jobs to North America, some to [the] U.S., probably some to Mexico as well,” Ross said.

 He then said Apple was “talking about figuring out how to replace some of the Chinese production and

“I think it will help to accelerate the return of jobs to North America, some to [the] U.S., probably some to Mexico as well,”

Counterattack:

Responding to Wilbur’s comment, the executive director of the American Public Health Association, Georges C. Benjamin, said that “the American companies would have more reason to be concerned about gun violence or measles outbreaks stateside in terms of actual risk to their health than coronavirus.”

You have somebody of that stature, who makes an irresponsible comment, speaking on matters in which he has no expertise, and there’s no scientific or historical evidence to what he’s saying,” says Benjamin.

The other end:

Whereas in the U.S.A, until the virus outbreak is under control. The government has stopped some of Apple’s Chinese suppliers.

The Federal Reserve Board Chair Jerome H. Powell said that he was “not going to speculate about it at this point; the situation is really in its early stages. It’s very uncertain about how far it will spread and what the macroeconomic effects will be”.