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the bully in this whole trade was the instigator is the US,
Is it China's fault that American company's left the US?
Is it China's fault that Huawei wants to do business in America?
Is it China's fault that the current US government slapped billions of dollars worth of tariffs on themselves?
Why does the US need to be king of the world?
…. China has a million ways (almost) to retaliate. China can devalue her currency vis-à-vis the dollar, or China can dump some of their almost 3 trillion dollars-worth of reserves on the money market – just take a wild guess about what that would do to the hegemony of the dollar which is already in dire straits – with ever more countries departing from the use of dollars for international trade.
And just hypothetically, China could stop altogether exporting all that Walmart junk that American consumers love so much – just for a while. Or China could stop making iPhones for the US market. Guess what kind of an uproar that would trigger in the US? – Or China could of course, levy herself high tariffs on US imports, or stop US imports altogether. China being part of the Shanghai Cooperation Organization (SCO) – actually the co-founder of it – has many alternatives to cover her demand. No need to depend on the west.