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China is not without a butt load of economic problems already. We are their biggest trading partner. I agree we, the US, is fucked, but China is about to be as well. There will be no winners here.
China has a much greater tolerance for pain than the US for a multitude of reasons. China is also in a position to bolster trading relationships with other nations since it has not gone scorched earth like the US.
The US holds disproportionate purchasing power for its size but it's still has far less than 50% global purchasing power. China and most other countries will find other partners to trade with while the US isolates itself further.
The only reason the US holds 20% of global purchasing power is because of mutually beneficial relationships with other countries. Purchasing power will slowly erode over time if Trump continues on his current path.
The US is really overestimating its leverage here and, being a fairly overmiliatarilized nation, one can only hope it doesn't turn to violence once things go south.
The soft power and better relationships China creates with other countries looking for a trading partner that is consistent.... China playing the LOOOOOOONG game.
No there will not be. But Xi is a full on dictator and Trump still has congress to answer to.
But this is a Covid level supply chain event. Once the economy starts to grind to a halt and inflation kicks in on common household items Trump will come under pressure to back down.