It won't be until China decides to stop exporting to the US that some folks will realized how screwed we are. We depend upon exports from China for pretty much everything. It would be a veritable economic sanctions against us.
this.
MAGA types and Trump and other people who make fun of china as if it were only making cheap things, and just the other day the VP of the USA called the workers of china peasants...
its these people who clearly do no not understand what china has been able to do, in particular during the last 10 years.
while exports are very important to the PRC, china has worked during the last years to make some significant fundamental changes:
- increased domestic demand within china. im sure everybody understands how many people there are in china.
- shifted their manufacturing base to value added products
- increased their market share around the world outside of the USA.
imports and tariffs and stock market prices may be all related, sure. but all that is pre-game show activity.
when china shifts its strategy to not needing the USA, then trump has shot america in its own foot.
and, of course, the coming crisis is
when china stops buying USA debit (bonds).
america will be in free fall.
game over.