OP, you’re fucking retarded. The world runs on USD. The USD, China and the rest of the world has and uses, wether it’s treasuries or cash for selling goods, can only be earned from places that have dollars to give in Trade (countries) or bought via the USA. Even other countries dollar reserves aren’t massive. Then their the petro dollar with makes its worse.
Then add SOFR, in which the USA can control dollar based interest rates domestically and abroad as of 2021 or 2022.
Anything that’s leverage or dollar denominated debt, will blow up in the other countries faces (not USA). Fed interest rates come into play here.
Since Americans consume so much cheap shit from China , dollars flow.
Throw tariffs and it makes it even more fucked for producers.
High tariffs in place and no Americans buying anything from China for two weeks to a month, will blow up China’s economy. But the goal isn’t just to get a sweet trade deal. It’s to get the CCP to grow some balls to remove Xi.
East Asian countries run on “saving face” and “looking tough” basically not backing down.
Trump is probably banking on Xi doubling down so trump can Triple down.
Cause so much pain economically to China, they kick Xi out and bring in a guy who will negotiate with trump.