That’s not true. Airlines and tourism are immediately effected. Manufacturing as well.
The question here is about duration, and flare ups in other countries, including our own. If we have a flare up ad have to start restricting travel and cancelling public events, bombs away…
Hope it doesn’t shake out that way. Watching Sen. Kennedy question the head of the DHS did not give me any confidence though.
That presumes we won’t benefit from tourists from other countries who can’t go to China and Americans who might have gone to China who decide to spend their vacations in the US.
No, manufacturing problems will be much slower to show up because of the fact most will have a stockpile of components and parts made in China manufactured before the virus hit and a good many will just have to get them from other sources.
There will be less of an impact because many manufacturers left China and others found non Chinese producers due to the trade war.
Should we ignore the very important financial story that the DOW is back to January 2018 levels? Especially keeping in mind that Trump has constantly touted how great the stock market. This was him on Monday: