They may be coming to realize that Trump was right all along.
The Coronavirus Is Becoming A Public Relations Disaster For China.
It was only a matter of time before the coronavirus pandemic started to show a rupture in Western relations with China. Today, the market got some of the first hints of a rising probability of “decoupling”.
Evidence came today in the form of two BBC reports, one of the U.K. government of Boris Johnson (who has COVID-19 now) saying there would be ramifications for China failing to share how they stopped the virus from spreading. One such punishment was getting rid of Huawei in their 5G program.
Over the weekend, the Daily Mail reported that the Johnson team doubted China’s SARS-CoV-2 infection count, which totals around 81,000, saying they were probably off by a factor of 40.
The wide spreading disease throughout Europe is turning people off to China in leadership positions who, only a few months ago, were fine with Beijing and thought the U.S. trade war with China was just Trump being Trump………