China can withstand any new tariffs the world throws at it – even the punitive ones Donald Trump is planning if he wins a second presidential term – because its prices are simply too competitive to resist.
Certainly going to be civil unrest conditions given that most people are already living hand to mouth. There’s just not a lot of slack left in the system to absorb another economic shock.
America de-couples trade with China -> prices skyrocket -> revolutionary conditions?
Certainly going to be civil unrest conditions given that most people are already living hand to mouth. There’s just not a lot of slack left in the system to absorb another economic shock.