How the Coronavirus will transform World Trade

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When the world economy finally gets beyond the pandemic, you can expect to be less globalized than before.

Governments, including long-standing of many advocates of global trade, are using the crisis to erect barriers to trade and bring manufacturing home. Japan now pays companies to relocate factories to China. The French President, Emmanuel Macron promises “total independence” in the essential medical supplies to the end of the year. In Washington, the Republicans and the Democrats as the new “Buy American” requirements for government health spending.

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