The world is fast-approaching the moment when there can be literally no trade at all with China. This is a real problem because countries like the USA exported almost all manufacturing to China over the past twenty or so years, so that the titans of corporate industry could sweeten their profits even at the expense of American jobs.
By outsourcing so much manufacturing, American Boards of Directors have made the entire country vulnerable to this type of China extortion! Real patriots, those Boards of Directors. (/sarcasm)
The question that America and the world faces at this moment is how to get along WITHOUT China manufacturing, in the time it takes to re-industrialize our own nations?
It would be a real "hurt" for a couple years, and almost impossible because of Pharmaceuticals. Right now, about eighty percent of all the prescription medicines in the USA, are manufactured in China. IF we stop trade with China, people who need medicines would be in a death spiral, as their medicines run out.
We're in a real bind and it's going to take massive investment in new factories, and several years of construction, to even have hope of getting ourselves out of the mess that giant corporations have put us in by outsourcing manufacturing to China.
