"The next chapter of U.S.-China decoupling has begun. The pain will be felt everywhere. "

The Wall Street Journal report on "Trump pushing the world’s two biggest economic powers into a battle that will leave neither unscathed and risks tanking the global economy".

The Journal is gated, though perhaps this article is not? Link here if you can access it:

• The U.S. and China Are Going to Economic War—and Everyone Will Suffer

Some of the points:

• total tariffs imposed on China in Trump’s second term now add up to 145%
• could eventually be walked back
• already, there are signs that a portion of the $582 billion in goods trading between the two countries is grinding to a halt
• U.S. factories are cancelling orders
• some Chinese manufacturers are putting workers on temporary leave
• Calif.-based kitchen-equipment importer ... might have to cut most of the company’s nine employees and contractors