The virus is mostly bullshit. Kinda real, but basically bullshit.
POTUS had to go along with it because otherwise he would seem like he didn't care while the media is claiming that people are dying all over the world in huge numbers.
POTUS wants to push CQ as a cure for this almost-fake virus. If people believe that they can just take a pill if they get it, then they will stop being afraid and he can re-launch the economy and we can get back to the business of being the wealthiest country in the world.
See why the media/D-party hates the idea of treating with CQ?
CoronaVirus is a mostly MENTAL ILLNESS and CQ can be the cure if Trump manages to sell it.