How messed up are Trump Supporters?

[Anomalocaris]

Even if the trade between the US and China completely shuts down, the impact on the Chinese economy will still be too little to cut significantly their long term growth prospects.  China is still expected to remain the primary source of the growth of world economy, contributing maybe 30-40% of the total world economic growth. Or maybe 2-3 times as much to world growth as either US or India.

The difference is the added demand from that growth will now be satisfied by japan, South Korea and Europe, rather than the US.

If the trade with China shuts down, that doesn’t mean america’s Overall trade imbalance will significantly improve.  Much of What China can sell to America at much lower prices than America can produce, others can also make much more cheaply than could the US.   And American demand for those would not reduce, so Aamerica’s Trade deficit with India, Vietnam, Malaysia, Indonesia, and other countries somewhat behind China on the industrialization curve will now balloon to replace the trade deficit with China.

What is more, having been pissed off by the US, European countries, which are not strategic competition with China as the US is, will now likely relax the restrictions on sharing sensitive military technologies with China which the Europeans had wanted to do since 2005 in order for their native arm industries to profit from Chinese military buildup.   Previously European countries have kept those restrictions in place out of  solidarity with the US.  Now that solidarity is gone with the wind.

It’s not every day when a country can make not one, not two, but three large holes in its own foot with one shot.