Questions remain, especially on enforcement, as China lags far behind its obligations to buy US goods and services. Putting aside the political rhetoric, opening the deal to readjustment and negotiations seems the most plausible option in the short term.
The pandemic will finish off weak businesses, leaving those dominant, such as Amazon and Huawei, even stronger. More protectionist trade will favour rich countries able to subsidise their industries, keeping poorer nations in recession for longer.