The beginning of the undoing of globalization, countries will start bringing industries back home with bills like this.
This is just a taxpayer gift to multinationals. If you want to undo globalization, handouts aren't the solution, tariffs are.
It's going to take some time to get back to scale but I believe India, Vietnam, Southeast Asia stands to be the biggest winners.
I do not see China returning to status quo anytime soon. It's more likely that they will fall victim to nationalistic fervor and close its doors.
There's a direct relationship between international trade agreements and border security