The ongoing coronavirus epidemic in China may very well end up pulling factories out of China faster than tariffs
Joerg Wuttke, president of the chamber, said the outbreak had made many businesses realize they had to diversify into other countries and avoid “putting all their eggs in one basket”, the SCMP reported.
Then along came President Donald Trump, and he effectively pulled a rug out from China’s position as the world’s manufacturer. The trade war required longer term, strategical planning. The new coronavirus, dubbed Covid-19 by the World Health Organization, is an immediate red alert.
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