New Covid-19 lockdowns in China would threaten the US recovery. (Just ask Tesla)


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If there is any indication that what will happen next in China is a major challenge to the U. S. economy. In the US, Federal Reserve officials discussed the country’s covid-related lockdowns 8 times at their last policy meeting on June 15. Chairman Jerome Powell and others have warned of several “downside risks,” “larger-than-expected effects on economic growth” from external outlets such as Russia’s invasion of Ukraine and, more recently, Covid-related lockdowns in China. China’s “Covid zero” policy triggered near-total quarantines earlier this year in several major cities, adding the busy port of Shanghai, in a bid to involve the...