Unless you're watching this from the moon, your country is in a worse position than the US.
Bond market says what now?
China has spent every day since 2016 preparing for this war. We, who launched it, didn't even bother to stockpile. While it's true the Chinese economy will likely suffer more short-term pain, Xi doesn't have midterms. Beyond his tools as a dictator, he has narrative on his side: we started the trade war. People are generally willing to take a lot of pain when they feel they're being fucked with. (Exhibit A: Trump.)
So yes, China's economy will probably contract more than America's. But there is a reason Trump is already blinking.
China can't even feed itself. They couldn't open the Red Sea. Their non-US trading partners are not wealthy. They have a lot to lose (hence the decade long prep).
You are very correct about the population dynamics though. China is united, the US has very smart people like yourself in extreme opposition to the trade war.
After the Trump tariffs in the first term, US sales of Soy Beans to China never recovered. They switched to Brazil. What if the rest of the world just start buying fewer treasury bills (or paying less for the return) from now on? It is possible this could be worse for the USA than other developed countries.
Trump is screwing you over and he's doing it publicly. He's selling meme coins and selling your government. He dismantling the US for his personal profit and you are cheering.
No but we are so far apart on foundational beliefs about the state of the country over the last 20ish years that it really isn't worthwhile for most of us to discuss this anymore.
One side says we're saving the country, the other side thinks we're destroying it [another side thinks the first two sides are both crazy]. It's time to see who's right.
Jobs Down. GDP Down. Consumption Down. Inflation Up.
If you’re still defending this, you’re either a grifter or a victim of a cult.
Which one are you?