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It hasn’t gone far enough for consumers to feel it yet. But companies are folding. Some going bankrupt, some shuttering before they go bankrupt and abandoning stock in China, some ceasing U.S. sales and pivoting their marketing strategies to try to sell more elsewhere in the world. The biggest are battening down the hatches and storing stock in warehouses offshore waiting for sanity to return. For consumers, things won’t just get expensive - a lot of things just won’t be available anymore.

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