(CNSNews.com) - The coronavirus that originated in China has highlighted concerns about shortages of products needed here, especially prescription medications.
On Monday afternoon, President Trump and his coronavirus task force will discuss supply chain disruptions that are causing shortages of certain unnamed drugs, Vice President Mike Pence told "Sunday Morning Futures" with Maria Bartiromo.
"When we came into office, fully half of our international trade deficit was with China, and the president's taking a strong stand to change that," Pence said. He noted that the new Phase I trade deal with China is just the "beginning" of that effort.
Also appearing on "Sunday Morning Futures," former Trump strategist Steve Bannon said the pandemic has disrupted the U.S. economy, but there's also a "deeper thing," which highlights the perils of "globalization.”
"President Trump has been ahead of this,” Bannon said. “Remember, his whole campaign's built around moving the supply chain back...That's the entire thesis of his trade (policy) from day one. I think you've seen him take bold action. He continues to take bold action, and that's what leadership's about.”
Bannon noted that "all the Wall Street cheerleaders" who advocated moving the supply chain to China, where labor is cheap, weren't cheering last week when the stock market tanked.
"Because now we understand that not just national security but health security is inextricably linked with having this logistics chain in the middle of China. And that is what people are going to start looking at right now.
“That’s why I think, quite frankly, on the healthcare side with Pence, I think it's terrific, you've got the vice president in charge of this with Secretary Azar, with Fauci. I do think you need to...have an economic task force. Because these issues, not just the short-term on the supply chain for the medical but what, you know, Peter Navarro and Larry Kudlow and others are working on, the deeper issues about supply chain coming back.
Bannon said the coronavirus outbreak is Trump's "Churchill moment":
"If he's got to bring the country together, which he's doing, he's got to confront not just the virus but the economic contagion that's coming out of China...He does that -- we don't need to worry about 2020."