COVID-19 Outbreak Expected to Delay US-China Trade Deal Implementation

A top US trade official stated that the new coronavirus outbreak in China would delay Beijing's plans to purchase goods from the United States under a trade deal. The US and China had agreed in January to a deal ending their trade war, where Beijing committed to buying an additional $200 billion in American goods over two years.

White House economic advisor Larry Kudlow acknowledged that the virus could delay the trade deal's implementation. While Kudlow expected minimal impact on the US economy, concerns are growing that the outbreak could continue to hamper global economic growth.