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It‘s about who bleeds out faster and that‘s definitely China. No matter how you put it the USA holds a much stronger hand in this. Tankies can cheer China on all they want but this will hit their economy very hard.
Don‘t get me wrong it‘s a moronic dispute with no winners other than the occasional insider trading in the White House. And some say that‘s the point. However the way China handles this they just might be the biggest losers in the end. In order to save face, China risks losing everything.
I'm not sure.
We are here mainly because the business leaders sold out the core of our economy to enrich themselves thanks to cheap labor of an at the time backwards China. They had the hubris to think the workers replaceable but the leadership somehow magic.
Now they increasingly see China business leadership clearly emerging as an independent force that puts pressure on them.
They spent decades helping China gain independent capabilities and it's too late to claw that back
About the only thing they are really hurt by are the export controls on chips and chip manufacturing technology, but they are getting there. Yes there's a crunch in their export business that will hurt, but it's easier to cope with that than just not having the facilities to build the stuff you want or the expansive labor force.
No because the US has nothing substantial to offer up in exchange.
Agriculture? Nope.
Minerals? Nope.
Manufacturing? Nope.
Aircraft? Nope.
Cars? Hella nope.
Access to consumers? Depends on what's being sold.
What are you talking about? The USA is quite literally the biggest producer and exporter of agricultural goods in the world and don‘t even get me started on patents and digital services. They are by far the richest country on earth. The only thing China has going for it here is recklessness towards their own people because believe it or not, there are worse places to be than the USA right now. Hard to comprehend, but sadly true.
Agriculture probably hurts a little. China could not care less about American digital services ( they largely banned them anyway) and if it comes down to it, they can totally ignore patent protection. They do have some issues with actual chip design and manufacturing, though that will likely see them improve if they have to.
Don't know that China is a better place to be for the citizenry or anything, but the government and business leaders are in a better supported position than American counterparts in an economic split.
It might have been one thing if the US had continued to fixate on China and maybe isolate China, but he is simultaneously screwing with everyone in the world and tarnishing our image as comparatively "good guys" on human rights undermines our position. China may still be viewed as a bad actor, but our bad behavior might make them the lesser of the few evils.
I am not so sure. Trump couldn't even hold his moronic tariffs for more than a few days, before having to cave.
USA does not produce much besides services. China have a big surplus of production.
China also owns a huge amount of US debt. They can start dumping it which will increase the interest rate on the huge US debt. This would quickly put the US in a difficult position. Any solution besides just paying down the debt would weaken trust in the US, so they either have to take it or make everyone in the world lose faith in the current financial system with the US as it's guardian.