Will Coronavirus Result in Economic Distancing of China?
POLITICS / K. Venkateshwar Rao 9 MAY 2020 With drugs for the treatment of coronavirus currently still at the trial stage, social distancing appears to be the only effective remedy for the prevention and cure of COVID-19. But the specter of economic distancing also looms large over China, which is in the eye of the storm due to being the reported origin of the coronavirus endemic. Calls to Penalize China US President Donald Trump has called for penalizing China and threatened to impose tariffs, while Japan and South Korea have shown eagerness to replace manufacturing bases from China. Furthermore, India, Vietnam, and other nations are working overtime to lure away companies based in China. The stage seems to be set for the economic distancing of China. Trump’s repeated criticism of China for its handling of the COVID-19 outbreak is likely to strain global trade ties with various Chinese companies. In the meantime, countries are exploring possibilities to move out of China to diver