Economies that have had export ban/export restriction or limits: Yes, all those shaded ones, including Taiwan, South Korea, Germany, the US and so on and so forth.

Was there outrage when this happened? Prolly not. I don't say it's a good/bad policy, it just that it happened.👇🏻
Even wonderful Taiwan & South Korea had face mask export bans. So if u are outraged by President Trump, please remember to not be selectively outraged as not just a US policy but many across the globe. Some go as far as hoarding medical global supplies.

https://www.wsj.com/articles/as-countries-bar-medical-exports-some-suggest-bans-may-backfire-11585992600
So it repealed that because there was so much outrage by member states, particularly ones very hard hit by this.

Still, export bans within the European Union is still rampant as people scramble for supplies. And frankly, you can't blame them. Read 👇🏻👇🏻 https://www.nytimes.com/aponline/2020/04/03/business/bc-eu-virus-outbreak-squabbling-for-supplies.html
So when you read the news, and especially ones that are outraged by "Trump did this & he did that, and omgosh I can't believe he did that," remember to think fairly in your judgement.

Not saying export bans are good or bad, just that we're not the only ones. Others doing it!!!
Taiwan banned mask exports early on 24 January 2020 & also did many things early like banned travels to/from China & Hong Kong & screened & traced etc. All behaviors everyone doing now.

It only relaxed face mask curbs recently & now helping others. https://www.taiwannews.com.tw/en/news/3895002 
Bottom line: The virus reveals a massive crack in our global supply chain & excessive dependence on China. That is why we are short of what's needed, esp the ability to produce masks, testing kits, ventilators etc necessary. The implication is that this will change in the future.
In an emergency situation, can you blame Taiwan for banning the export of masks? It's just doing what it can for Taiwanese people. Can you blame South Korea as it dealt with an outbreak? No.

Can u blame Italy? Spain? Germany? France & USA? They all have 1 problem - supply chain!
Their "just in time" supply chain management & "cost reduction strategy" have proven to not work in a pandemic.

So they are fighting a war against the virus without the necessary army, and by that I mean supply chain capability to produce products ASAP.

That's a huge weakness.
Do you know why the UK hasn't tested its people? It is not because it does not want to - it just does not have the capability.

Its domestic manufacturing has HALLOWED out so much that it can't test as it doesn't have domestic kits & reagents to test. https://www.theguardian.com/science/2020/apr/03/why-has-the-uk-lagged-behind-in-testing-for-the-coronavirus
You can follow @Trinhnomics.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: