The only ones that have something to lose from this are the Americans. The Chinese have the entire world left to trade their goods with...
Perhaps a contracted economy will be the only result, and perhaps voters would know better next time. But if they don't after 4 more years its over and gone. Wish other countries had this escape route...
I really don't think so, the Chinese biggest trade partners are the USA, EU and Japan. so a long protracted trade war is going to hurt the Chinese government more than the US government, that's why they are also making US markets tank whenever Trump brings more tarrifs against them.