Severe Supply Disruptions Could Speed Demise of Globalization

The U.S. flag flies over shipping cranes and containers after a report said the United States and China are close to reaching a major trade deal that would see both sides lower some of the tariffs imposed during an often-bitter trade war, in Long Beach, Calif., on March 4, 2019. Mark Ralston/AFP via Getty Images

WASHINGTON—Governments and businesses are learning hard lessons from the rapid spread of the CCP virus that is causing supply disruptions across the globe.

Closings related to the virus, which causes the disease COVID-19, have been bringing the U.S. and global economies to a grinding halt.