Trump ain't gonna like this. Anker raising prices.
I think a lot of people are deceiving those who really have the real cards to play. No one has the capacity to replace China at this time.
Without China, the US will live with inflation. The American consumer who saw himself in abundance with products imported from China will find himself faced with a scenario where he will actually have to pay much more for the product than before. This is terrible for the average American, because there is very little left over to do other things, because he is paying more for the same product.
There is less money left over for more consumption, less money left over to invest, etc. All of this is capable of stagnating American consumption and investment, or even decreasing it, which has always been the driving force of the American economy. So, the real impact on the American goods and services sector is enormous compared to the real impact on the Chinese export sector, which will really find itself in a complicated situation, but it can be rescued by the Chinese state or find other buyers in the world, because the Americans are not the only developed nation with high purchasing power.
The American agricultural sector will also be heavily impacted. If a total blockade and decoupling occurs, China will go to South America to buy all the agricultural products it can find and close deals. So, China can easily replace what it imports from the Americans, but the American agricultural sector will not be able to find another large buyer for its export products.
A good thread about this: