China Locks Down Again, More Supply Chain Issues
America can’t take anymore of this.
If you thought the economic problems were already bad get ready for the worst!
The supply chain crisis is likely going to get worse after reporters learned that China has decided to shut down all of its major ports do to excessive covid-19 outbreaks.
According to Zero Hedge, currently overseas shippers are already dealing with delayed sailing schedules. This new decision to shut down ports will be catastrophic for trade across most of the United States and Europe.
What’s even more frightening is that HSBC economists are warning that the world economy could be headed for the “mother of all” supply chain shocks.
Sadly, China is the world’s biggest trading nation. The world depends very heavily on China’s ability to keep their factories up and running especially throughout the pandemic.
While the outbreak of omicron in China is currently small compared to the United States and other nations, Chinese authorities are taking zero risks.
