Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
"I see, for example, a rebirth of our textile industry for the first time in 30 years, because what we're doing now is having that industry make our masks, our gowns and things like that," Navarro told "Sunday Morning Futures."
"This is going to be a multi-year period as we go through, and I think that's why it's important to have somebody in the White House who actually understands economics and the economy," he said.
Before the pandemic, the U.S. and China embarked on a multi-phase trade deal to address issues like unfair trade practices that were "gutting" U.S. manufacturing, in Navarro's words. Now, U.S.-China tensions caused by the coronavirus outbreak may throw off such dealings.
"The recovery has already begun," Navarro said. "$10 trillion is flooding in now. We are getting back to work, but we're also going to have to tend to these structural issues, and that's what the president is focused on."