{"id":173563,"date":"2020-07-13T11:22:55","date_gmt":"2020-07-13T15:22:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=173563"},"modified":"2020-07-13T09:03:22","modified_gmt":"2020-07-13T13:03:22","slug":"prepare-for-the-global-impact-of-us-covid-19-resurgence-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/prepare-for-the-global-impact-of-us-covid-19-resurgence-2\/","title":{"rendered":"Prepare for the global impact of US COVID-19 resurgence"},"content":{"rendered":"
July 13, 2020<\/div>
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By Dan Steinbock
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– Recently, the US has suffered a series of COVID-19 surges. The escalation won\u2019t stay in America. It is likely to cause collateral damage worldwide. \u00a0<\/b><\/strong><\/p>\n

In early June, US states began to exit from the lockdown measures, even though the epidemic curve had not been adequately flattened. On July 4th<\/sup>, the White House sought for a \u201creturn to normal\u201d with a celebration at Mount Rushmore.<\/p>\n

Once again, the Trump crowds were not required to wear face masks or practice social distancing, although the US has recently tallied its highest single-day totals of coronavirus infections.<\/p>\n

Confirmed virus cases in the US could exceed 4 million after mid-July, with over 140,000 deaths, while new cases average over 50,000 daily.<\/p>\n

As a result of crisis mishandling, U.S. GDP growth suffered a -5% contraction in the 1st<\/sup>\u00a0quarter, which is likely to be followed by a historical -53% plunge in the 2nd<\/sup>\u00a0quarter.<\/p>

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The COVID-19 surge across America is no surprise, however. It was only to be expected in light of the catastrophic mishandling of the pandemic by the White House, as projected in my report, The Tragedy of Missed Opportunities <\/i><\/em>in April (Shanghai Institutes for International Studies).<\/p>\n

Massive failure, huge human and economic costs<\/b><\/strong><\/p>\n

On January 3, when the virus gene sequencing was completed by China\u2019s CDC and emergency monitoring initiated, Chinese officials notified WHO. That\u2019s when US CDC director Dr. Robert R. Redfield called Alex M. Azar II, secretary of health, telling him that China had potentially discovered a new coronavirus.<\/p>\n

Yet, no proactive mobilization occurred. Instead, a long debate began within the Trump administration over \u201cwhat to tell to the American public.\u201d<\/p>\n

By the WHO\u2019s announcement of the international emergency (Jan 30, 2020), first cases were also recorded in 20 countries worldwide, including the US. But again, the Trump White House chose<\/i><\/em>\u00a0not to mobilize.<\/p>\n

Even when the epicenter moved from Europe to the US, the White House delayed full response. It was only after March 10, when the WHO declared the virus a pandemic that the White House began<\/i><\/em>\u00a0to mobilize federal resources against the outbreak \u2013 over 2 months belatedly and ineffectively.<\/p>\n

To win re-election, the Trump administration has tried to evade responsibility by blaming WHO and China for its mistakes. Yet, US COVID-19 mobilization failed, due to complacency, belated mobilization, inadequate preparedness, poorly-enforced lockdowns, premature exits from quarantines, failed leadership, and the list goes on.<\/p>\n

Worse, Trump\u2019s decision to exit the US from the WHO will compound public-health risks in the future, both in the US and worldwide. But the long-term international implications may prove even worse.<\/p>\n

Beware of US virus exports<\/b><\/strong> \u00a0<\/b><\/strong><\/p>\n

What happens in America will not stay in America. Due to months of fattening rather than flattening the curve and the associated resurgence of COVID-19 in the US, international exits from lockdowns and global economic recovery are virtually ensured to take a series of new hits when the US eventually returns back to business.<\/p>\n

The recent travel ban by the EU against the United States is just a tip of the iceberg. Mexican border states have raised serious concerns about Americans\u2019 pandemic inflows into the south.<\/p>\n

Washington implemented strict inflow protocols against Mexicans in March. Yet, as the virus had its first peak in early spring and is now enjoying its second wave in the US, Americans continue to cross the border into Mexico.<\/p>\n

What happens in the US-Mexican border today is just a prelude to what will ensue internationally as US containment failures \u2013 followed by secondary virus waves \u2013 are likely to be exported around the world.<\/p>\n

About the Author:<\/strong><\/em><\/p>\n

Dr. Dan Steinbock is an internationally recognized strategist of the multipolar world and <\/i><\/em>the founder of Difference Group. He has served at the India, China and America Institute (USA), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see <\/i><\/em>https:\/\/www.differencegroup.net<\/i><\/u><\/em><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Dan Steinbock – Recently, the US has suffered a series of COVID-19 surges. The escalation won\u2019t stay in America. It is likely to cause collateral damage worldwide. \u00a0 In early June, US states began to exit from the lockdown measures, even though the epidemic curve had not been adequately flattened. On July 4th, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-173563","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=173563"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173563\/revisions"}],"predecessor-version":[{"id":173564,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/173563\/revisions\/173564"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=173563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=173563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=173563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}