As much as China can prepare, it's still in a pretty vulnerable position and the whole "the Chinese people are more conditioned for hardship" is as much Chinese exceptionalism as any claim to American exceptionalism. At the end of the day they lose millions of jobs, factories shut down, and people suffer there too regardless of the CCP marketing about being "tough" and "prepared". Appear strong where you are weak or something like that. Meanwhile the US can see prices go up, but aside from a few specific items we can buy or make the things that China has been. At an increased cost, sure, but Americans can handle it.
> The US has benefitted for a couple generations by being the reserve currency, meaning that we can make big mistakes and not suffer for them, while any other country would suffer. This coming trade war, if it actually happens, may finally break this exceptional status.
Very doubtful. The main danger is lack of fortitude with continuing and enforcing policies, and letting ideological battles get the best of the Trump administration for cutting good and fair deals with the EU and others. You're welcome to invest in Chinese, Russian, or whatever capital markets, though.
> The US has benefitted for a couple generations by being the reserve currency, meaning that we can make big mistakes and not suffer for them, while any other country would suffer. This coming trade war, if it actually happens, may finally break this exceptional status.
Very doubtful. The main danger is lack of fortitude with continuing and enforcing policies, and letting ideological battles get the best of the Trump administration for cutting good and fair deals with the EU and others. You're welcome to invest in Chinese, Russian, or whatever capital markets, though.