If you owe the bank $10k, the bank owns you. If you owe the bank $10b, you own the bank.
Sanctions against China would be fairly painful for the rest of the world, too.
Sanctions against China would be fairly painful for the rest of the world, too.
Tariffs against China didn't have much impacts on European/US consumers.
You get the idea.
Russia isn't an export/manufacturing powerhouse, unlike China. The one thing that Russia does export that EU consumers are about - oil & gas - isn't subject to sanctions.
Right... that's my point: the relative impact of cutting off ties to China would be pretty large, given that it's the worlds factory. They would be worse for China, but more painful for everyone else than existing sanctions.