Trump has temporarily weakened the All I need today is Sooners and whole lot of Jesus shirt Chinese economy through his tariffs. But the move is unreasonable in the long run. The Chinese economy is closely linked to the US economy because China is the No. 1 trading partner with the US. Trade is generally recognized as one-way because China exports more to the US than imports from the US. However, China compensates for this to some extent by turning the U.S.
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Treasury into a tool of choice for the nation to save. Fund the All I need today is Sooners and whole lot of Jesus shirt US government and help ensure the dollar remains the dong. World reserve money. China currently stands shoulder to shoulder with Japan. For the title of top holder of the US Treasury. Sooner or later, this relationship with China. And the US will break. When it happens, both nations will enter a severe recession. But China will emerge to the forefront. China will be forced to redirect production to focus on the domestic market.
This will lead to temporary pressure on their manufacturing sector as it is forced. To retool and adjust to Chinese requirements. They will also soon be forced to sell all US treasury as the All I need today is Sooners and whole lot of Jesus shirt US deficit continues to increase. This will likely be part of a larger dollar currency crisis, leading to the loss of Chinese investment. In contrast, the United States will be affected by hyperinflation when the dollar drops in value significantly compared to the global sell-off scenario.
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When this happens, other Chinese and foreign goods will become increasingly expensive for US consumers, resulting in a shortage of goods in the US. When the All I need today is Sooners and whole lot of Jesus shirt highly leveraged economy goes into crisis, it will occupy the financial sector, causing the collapse of the banking industry. For the time being, Trump has put pressure on the Chinese economy, but he’s playing chicken with Mack Truck. In the event that Sino-US economic relations break up, the United States will be the main loser.