Peter Navarro: China 'cornered' the personal protective equipment market and 'is profiteering' during coronavirus outbreak
By(Links to an external site.)
Talia Kaplan| Fox News(Links to an external site.)
White House Trade Adviser Peter Navarro said during an exclusive interview on "Sunday Morning Futures" that China "cornered" the personal protective equipment (PPE) market during the coronavirus outbreak and "is profiteering."
Navarro, who is also the National Defense Production Act policy coordinator, made the comment on Sunday reacting to a recent Fox News report, which cited multiple sources, that there is increasing confidence that the COVID-19 outbreak likely originated in a Wuhan laboratory, though not as a bioweapon but as part of China's attempt to demonstrate that its efforts to identify and combat viruses are equal to or greater than the capabilities of the United States.
Navarro, who was one of the first to warn about the novel coronavirus, noted "China did [several things] over the course of this thing," which, he said, "led to the deaths of many people worldwide."
"First of all, the virus was spawned in China. Second of all, they hid the virus behind the shield of the World Health Organization. The third thing they did was basically hoard personal protective equipment and now they're profiteering from it," Navarro told host Maria Bartiromo, referencing the fact that many states have been dealing with a shortage of PPE for health care workers during the coronavirus crisis.
Sources believe the initial transmission of the virus - a naturally occurring strain that was being studied there - was bat-to-human and that "patient zero" worked at the laboratory, then went into the population in Wuhan.
The sources explained that there was an extensive cover-up of data and information about COVID-19 orchestrated by the Chinese government.
Documents detail early efforts by doctors at the lab and early efforts at containment. The Wuhan wet market initially identified as a possible point of origin never sold bats, and the sources tell Fox News that blaming the wet market was an effort by China to deflect blame from the laboratory, along with the country's propaganda efforts targeting the U.S. and Italy.
On Thursday, China's foreign ministry pushed back on the suspicion that the virus escaped from the facility, by citing statements from the World Health Organization that there is no evidence the coronavirus came from a laboratory.
China moved quickly to shut down travel domestically from Wuhan to the rest of China, but did not stop international flights from Wuhan.
Additionally, the sources tell Fox News the World Health Organization (WHO) was complicit from the beginning in helping China cover its tracks.
"What we know is that the ground zero for this virus was within a few miles of that lab," Navarro noted.
"I think it's incumbent on China to prove that it wasn't that lab," Navarro went on to say.
He added that "more importantly, we know that for a critical six-week period of time, China used its influence at the World Health Organization to hide the virus from the world. This was a time where that virus could have been contained in Wuhan; instead, 5 million Chinese people went out from Wuhan and propagated the virus around the world."
Navarro went on to explain what he thinks "should be very disturbing to every American."
"During that period of time, that six-week interval when they were hiding this virus from the world, China went from a net exporter of personal protective equipment, they are the largest producer of that in the world, to a large net importer," Navarro said. "They basically went around and vacuumed up virtually all of the PPE around the world, including a lot from this country, which was for humanitarian reasons sharing our PPE with them, and what that did was leave people in New York, Milan, and everywhere in-between defenseless when it came time to have that PPE."
"Now what's happening today, which is equally alarming, is China is sitting on that hoard of PPE where it cornered the market and is profiteering," he continued. "I have cases that are coming across my desk where $0.50 masks made in China are being sold to hospitals here in America for as much as $8."
As of Sunday, more than 2.3 million people around the world have tested positive for the new coronavirus and more than 162,000 have died, according to Johns Hopkins University. In America more than 735,000 cases have been reported and 39,000 people have died.
Navarro noted the death toll on Sunday and said that China "may attempt to use this crisis now to advance their own agenda worldwide."
United States Communist China P 5, 5 P.=$.50 P.=$ 50 Da DA Durart Daxat D. Q-500 Q-1000 QThis would cause the [ Select ] and [ Select ] [ Select ] the demand for PPE in the USA to shift from D-Start to D-1 When the virus spread the demand for PPE in the USA to shift from D-Start to D-2 the virus became widespread, the supply in the USA to shift from S-Start to S-1 the supply in the USA to shfit from S-Start to S-2 [ Select ] As the virus spread through Communist China, the [ Select ] and causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocat will take the form of shipping PPE [ Select ]This would cause the [ Select ] and [ Select ] [ Select ] knowledge of the seriousness of the virus the supply of PPE in China from S-Start to 5-3 and caused the supply of PPE in China from S-Start to S-4 [ Select ] As the virus spread through Communist China, the [ Select ] and causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocat will take the form of shipping PPE [ Select ]This would cause the [ Select ] and [ Select ] When the virus spread to the USA and the knowledge of the seriousness of the virus became widespread, [ Select ] and caused [ Select ] [ Select ] the demand in the USA shifts from D-Start to D-1 the demand in the USA shifts from D-Start to D-2 As the virus spread th and causes [Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocat will take the form of shipping PPE [ Select ]This would cause the [ Select ] and [ Select ] When the virus spread to the USA and the knowledge of the seriousness of the virus became widespread, [ Select ] and caused [ Select ] [ Select ] the price in the USA to fall mmunist China, the [Select ] and the price in the USA to rise When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocat will take the form of shipping PPE [ Select ][ Select] or This would cause the and ' [ Select ] v' _ 1When the virus spread to the USA and the knowledge of the seriousness of the vian [ Select ] 4...... became widespread. and caused ' [ Select ] v' _ [ Select ] V and As the vian spread through Communist China, the [Select] causes I 59'9\" l V' . demand in lIIIhina shifts from [IIStart to [II3 1When knowledge of the seriousness of the virus b demand in China shifts from [II-Start to [II-4 [ SEIE'Ct ] v Because the price of PPE was higher in , arbitrage will reallocate the existing supplyr of PPE from low to high valued use. This will ' [ Select ] v and' [Select] v' _ The reallocation will take the form of shipping PPE [53'9\"] "' . This would cause the [ Select ] and [ Select ] When the virus spread to the USA and the knowledge of the seriousness of the virus became widespread, [ Select ] and caused [ Select ] As the virus spread through Communist China, the [ Select ] and causes [Select ] [ Select ] When I the price of PPE to rise in China was the price of PPE to fall in China the price of PPE to rise in the USA Becaus the price of PPE to fall in China realloca the price of PPE to rise in the USA and the change in the PPE price in China to be indeterminat [ Seled the price of PPE to rise in China and the change in the PPE price in the USA to be indetermina The reall tion will take the form ( f shipping PPE [ Select ]As the virus spread through Communist China, the [Select ] and causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] [ Select ] Beca initially higher in China F in [ Select ] , arbitrage will reall initially higher in the USA from low to high valued use. This will [ Select ] and [ Select ] The reallocation will take the form of shipping PPE |[ Select ] The reallocation will continue until [ Select ] United States Communist ChinaAs the virus spread through Communist China, the [Select ] and causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE fro [ Select ] will [ Select ] and the USA China The reallocation will take the form of shipping PPE [ Select ] The reallocation will continue until [ Select ] United States Communist ChinaAs the virus spread through Communist China, the [Select ] Land causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [Select ] [ Select ] shift the the supply curve for PPE in the USA to the right [ Select ] shift the the supply curve for PPE in the USA to the left The reallocation will continue until [elect ] United States Communist China SquatAs the virus spread through Communist China, the [Select ] Land causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] [ Select ] The reallocation will take the form of shift the supply curve for PPE in the China to the right shift the supply curve for PPE in the China to the left The reallocation will continue until [select ] United States Communist China SquatAs the virus spread through Communist China, the [Select ] Land causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocation will take the form of shipping PPE |[ Select ] [ Select ] The reallocation will continue until [ Select ] from China to the USA from the USA to China United States Communist China SAs the virus spread through Communist China, the [Select ] Land causes [ Select ] When knowledge of the seriousness of the virus became widespread, the price of PPE was [ Select ] Because the price of PPE was higher in [ Select ] , arbitrage will reallocate the existing supply of PPE from low to high valued use. This will [ Select ] and [ Select ] The reallocation will take the form of shipping PPE [ Select ] The reallocation will continue until [ Select ] [ Select ] the virus is defeated United States forever more PPE is produced the price of PPE is the same in the USA and China