No. This is just readjustment of the power equation in international trade and finance than closure of global institutions and transnational businesses.
Much of what had been surrendered on the supply chain front for greater profits and cheaper labour will be reworked now https://twitter.com/sunandavashisht/status/1247173294949904388

as the present alignment comes with huge risks.

For perspective and context, this thread.
https://twitter.com/anshikashukla_/status/1245785520346550275?s=21 https://twitter.com/anshikashukla_/status/1245785520346550275