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China could start calling in US government bonds and selling off USA based investments. Also, many major USA based businesses have major investments in China.
In other words, an escalating trade war that in the end game will cost jobs and create inflation. For one thing, computer devices will skyrocket in price. Walmart the nation's largest employer will see price inflation. If you think people with outdated skill-sets will fill in and make these foreign imported products -- you are absolutely wrong. A few of them will have new jobs oiling the robots that will assume the production jobs *reshored* from China.
Enter the Trump Terminal and press the green button > next!
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