No, but only 16% of our economy is at risk. Lets say the coronascare shaves 10% of of world trade. 10% of 16% is 1.6%. Bad yes, but not terrible.
You cannot ignore the huge multiplier effect. Parts sourced from overseas won’t be available curtailing domestic production. Then the business slow-down ripples through all of your local businesses that keep the community and local businesses humming. This could set off a major global depression.