This is correct.
This is an AMAZING opportunity.
That is certainly the silver lining. Businesses, frankly, have gotten pretty indolent in relying on China so heavily as a market and for supply chains. Single points of failures are never good and we’re learning that painful but obvious lesson now.
If American companies wake up and go more onshore or to closer neighbors to diversify the supply chain, this could be an amazing rebound to the detriment of China, our biggest enemy on the world stage, irrespective of all the kissy-face niceties we show each other.
Yep, shows the risk of making yourself dependent on an unhygenic, lying dump.