WASHINGTON — The coronavirus outbreak that began in mainland China will likely have some impact on U.S. supply chains, but the effects will probably not be catastrophic, White House economic adviser Larry Kudlow said in an interview with Fox Business Network. In the television interview, Kudlow played down the potential wider impact of the virus outbreak, saying: “It’s not a catastrophe. It’s not a disaster.”“We’ve been through this before and I just think the impact is minimal,” he said later. Kudlow said he thought the virus outbreak could spur business investment and lead to increases in production in the United States. Asked if component shortages could be a result of the outbreak, Kudlow said: “Yes.

Source: National Post February 04, 2020 14:03 UTC