It's going to be catastrophic for aerospace, automotive, medical device and supplies etc etc. The firms I advise or serve as BOD are already planning 90%+ temp layoffs. They will have zero ability to function without imported parts.
Reposted from
Josh Marshall
It’s only getting much play in the trade/transport niche press. But pretty real product shortages beginning in mid-May or so are already locked in. They’re maybe a thousand miles out in the Pacific Ocean. Modern trade takes place in gargantuan container ships. There are very detailed records …
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It doesn't matter if it's ITAR compliant or not, too many components are sourced from China.