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For sure the ramifications of these are huge, and there’s a global treaty against doing these things for a reason. I do think that beyond initial panic, the long term ramifications will be that countries will increasingly focus on building domestic supply chains. We’re also seeing geopolitical blocs forming now around G7 and BRICS. This is another line of decoupling of the global economy. Countries within each bloc will have more trust in each other, while they will shun products from the outside.
For sure the ramifications of these are huge, and there’s a global treaty against doing these things for a reason. I do think that beyond initial panic, the long term ramifications will be that countries will increasingly focus on building domestic supply chains. We’re also seeing geopolitical blocs forming now around G7 and BRICS. This is another line of decoupling of the global economy. Countries within each bloc will have more trust in each other, while they will shun products from the outside.