"Our Export Orders Disappeared": Chinese Factories Shutting Down, Laying Off Workers, FT Finds

By now it has become abundantly clear (and if it isn't, the openly biased media has certainly made it its purpose to highlight over and over) what the downside is to the US from Trump's ongoing trade war against the world, but especially China: sliding markets, rising rates, dumping dollar. The economy has so far proven resilient, with hard data surprising to the upside for the past 2 months (perhaps as a result of pre-buying ahead of tariffs), even as sentiment (among Democrats) has crashed and inflation expectations (also among Democrats) have exploded (yet oddly those same Democrats aren't rushing to spend all their hard-earned savings today instead of waiting a year from now when they are certain their purchasing power to be 6-10% lower). However, as Michael Every writes today, if what is now effectively a US-China trade embargo remains in place, the US economy "could see shortages on shelves within weeks and/or of price rises" and then, even if there is a tariff U-turn logistics would then be overwhelmed.

In short, we know what the pressure points for the US are. But what about China, and why has the media kept such a tight lid on reporting across the Pacific (besides the obvious, namely that in a Trump world, China, Democrats and the media are all aligned in seeking to tear down the US).