Is the Pareto distribution the way it is because on every time step the tail ends have exponentially more ability to pull away? Is there some sort of statistics concept that models time variation of distributions (first derivative?) or their acceleration (second derivative ?)
A real trade war would be devastating for China both economically and politically. Imagine this 300m workers having nothing to do all day but also no income to buy the rice to feed their families.
The rest of the world could easily get by by moving production lines and factories to Vietnam and Indonesia and South America, etc, while paying a flat “tax” in increased prices across the board for cheap products.