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A perfect observation.
The U.S. can probably still "Win" the economic war by interdicting China's oil and other natural resource imports, as we did to Japan.
But ... it would likely be considered an act of war. RISKY.
If only Donald Trump could remain President for about 20 years, I am confident he could solve the China problem. But it remains to be seen if MAGA nation can find and elect an adequate successor in 2024 and beyond.
Lord willing, the problem will be solved before DJT leaves office. Otherwise we’re in deep dodo.