Somehow the US survived the Cold War without ever trading with the USSR. China has gone down the same path as the USSR, developing nuclear weapons and increasingly hostile to the world and the EU and US keep feeding the beast.
China needs the world more to keep its economy afloat. Under Trump 1 many factories moved their production out of China already due to threats of tariffs, Biden kept the tariffs in place. Their housing market crashed as a result, the rest of the world was fine.
Nobody should need China or Russia. If the EU needs them then they’ve screwed up royally and will bear the pain. Meanwhile my gas prices have dropped below $3/gallon again. Groceries are slowly dropping in price, they moved about -0.5% in the last 4 months, despite Bidenflation in the market still having its effect. Remember when they shot up by 2% per month after Biden got into office? Nobody was concerned back then? Nobody was concerned when China said they had the ability to shut down the export of critical medication? Nobody was concerned when Russia dictated to the EU the prices on oil and gas?
Despite all the news outlets squawking about what MAY and LIKELY and POTENTIALLY happen, none of this has realized yet. The markets are correcting for massive inflation and cash printing from the feds over the past 4 years, but it is not affecting the common person. While federal employment has gone down significantly, so is unemployment, meaning all those fired federal workers are creating jobs in the private sector, under Biden it was the reverse, more federal workers than ever and unemployment rose.