@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
: 2E59 A14F 698F EBBA https://keybase.io/jotted
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Trump suspends US-Europe travel. So what? “Just imagine as a businessman, you cannot visit the largest market in the world and the second-largest market in the world. How much worse can it get?” What abt teleconferencing? “The world cannot operate online.”https://nyti.ms/2TLgy1T
Biggest worry: the airline industry already reeling from dozens of countries locking down their borders. Travel and tourism between the US and Europe is a business worth $130 billion
But there is another, more important casualty: consumer confidence. The trade war b/w the US and China has destroyed global manufacturing. Consumers picked up the slack. Banning travel to Europe signals to households that they should stay home.
The foundations of globalization are temporarily crumbling. This ban is just the latest. Read more here https://nyti.ms/2TLgy1T from me and @NirajC
Good. I hope that business collapses.
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