Also, the U.S.A. is taking about sanctions on China. I don't know how that's going to work. You don't have to look around much to see the quantity of goods in America that are made in China.
Eliminate all of those goods coming into the country at one time and it's going to have an effect.
Well, we are going to be dealing with severe shortages of a lot of things whether Biden imposes new sanctions or not. China's economy is teetering and its demography is worse. China is absolutely dependent on huge volumes of raw materials imports and manufactured goods exports. These are dependent on maintaining intact supply chains. As we saw with Covid, even a slight hiccup in a supply chain anywhere in the world can disrupt supply chains worldwide for months to years. China has been in real trouble on multiple fronts since Covid hit them.
China imports the vast majority of their food supply, and what agriculture they have is massively dependent on fertilizer imports. Both of these imports are in jeopardy at present and the CCP knows it, but because of their crap economy and the ultra-centralized power structure with Xi making ALL the decisions, the CCP is powerless to stop the slide.
China's posturing on US hegemony is smoke and mirrors. Anywhere they've had the ability to do so, they have done 100 times worse.