A “mood swing” that negatively affected economic globalization started well before the COVID-19 pandemic broke out. When Donald Trump began his term as president in 2016, he established a more confrontational US policy toward China. From the former ”feel good” one-world attitude, the world has been moving toward more fragmentation. Uncertainty surrounding the pandemic is intensifying this process. The mood of anti-economic globalization will be strengthened further by a substantial increase in unemployment in Western countries.