If China does not produce any more (like some politicians are saying) "let's make stuff at home" ... and I say "please do it already". Than you will see how much Apple phone (or almost any electronic device) really costs (around 10k USD for phone). To have big mouth is really easy, but to do that is like shooting yourself in the foot (or worse).
China can always find buyers. But if USA gets off the trading deal, China has to do so much more in Africa, EU and South America. They are making big trading way between China and Europe (One belt one road). And US wants to cut that trading wave with their military in Iran. But I think that will be almost impossible.
From my point of view, US is in much bigger problem as China. Because China is big, fast, cheap and reliable producing machine. US producing is extremely low, but they have the biggest banking cartels. China has challenges, but not as big as US has. If let's say....world would cancel working and trading with China, that would be devastating for them. But on the other hand, every country would have to find new way to produce HQ things cheaply (or quickly find the cheap and reliable producer nearby - just to get through the crisis). After that countries would have to get a deal about the new trading ways and producing and all these stuff.
Mark my words: Next recession is not going to be for one country or only for Europe or US... Just like recent one, this one will swipe the world, but a lot harder than in 2008. There will be lot of dead people.
My latest blog: https://steemit.com/busy/@worldfinances/bubble-of-debt-largest-we-have-ever-seen-in-the-history-of-the-world
PS: when you will have time you can listen to Greg Manarinno on X22 report.
I will definetly mark your words @worldfinances
Thank you for this amazing feedback.
Yours, Piotr