Chinese factories are closing and they are laying off workers. This is looking bad for both countries.
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Chinese factories slow production and send workers home as US tariffs bite
Owners say American customers have cancelled or suspended orderswww.ft.com
90% of China's economy is based off export. 15% of that is from the US. Thats only what? 3% of China's GDP lol.
That's not going to lay a dent to China's economy once the tariffs pops off. That article is most likely Chinese companies working DIRECTLY with America companies. They are the only ones thats gonna feel the pain.
But on the flip side, America is screwed. There the ones that's gonna be affected the most when they need shoes, toys, clothing, etc.... Not the average Chinese citizen living in Shenzen.