Of course. China is NOT stupid. It will take advantage of the opportunity to do business with other countries. My guess is that the EU will become China's "biggest customer" once China stops doing business with the US. Meanwhile, America will be left isolated due to excessive tariffs and rising geopolitical tensions. That's what I think will happen if Trump's strategy fails in the long run.
I don't really care which one will become the number one economy; all I want to see is the failure of Stupid Trump. He thinks he can do whatever he wants, even if it makes him look bad. Well, that is not going to last too long. He should know that he is Stupid and not every country cares about his decision. He thought China wouldn't dare to increase the tariff on the US.
Now China has stopped exporting rare earth elements to the US, and the US will have to find alternatives to China. According to the BBC,
China has now also imposed export controls on a range of critical rare earth minerals and magnets, dealing a major blow to the US.Why China curbing rare earth exports is a blow to the USAs a form of self defense, other countries will also do the same to America. Many believe that Donald Trump decision to raise import tariffs on China will never be effective in winning the trade war. China will always dominate and win the trade war for one reason, their production costs are lower than other countries. Donald Trump understands this very well, and in my opinion, there is another target being planned.
The red hats with the "Make America Great Again" slogan, often worn by Donald Trump during his campaigns, are partly made in China. This fact further confirms who truly holds control over world trade, China is difficult to defeat.