Some good will come of this.
China will lose its *unquestioned* preeminent status as an economic superpower.
Many companies that went all in on using China for manufacturing and production and no plans for backup capabilities not in China are going to suffer some pretty big losses.
It should help these companies re-consider their choices on where their products are made.
Not sure about long term effect. I think it would recover sooner than others based on available information.
“It should help these companies re-consider their choices on where their products are made.”
I suspect the order of the day will be to ignore this as an unusual event and keep on using China to save on mfg costs. The short term gain is what matters.
Oh, I disagree.
A LOT of good will come from this.