"China Has Already Trade-War-Proofed Its Economy
Companies and consumers will feel the pain from tariffs much less than Americans.[...]
The tariffs imposed by China will hurt quite a different group — businesses who are into their third year of producer price deflation, with the benchmark loan prime interest rate at its lowest level on record. Even consumer prices are falling right now.
That means that China already has a decent amount of slack to accommodate the supply-side shock from tariffs, whereas the US economy is already busting at the seams.[...]"
by David Fickling
(Still expect some of the typical narritives in the article tho)