The premise here is straightforward: “if you can afford to produce it, you can afford to consume it” — as simple as that. China is doing fine; the real struggle lies on the US side, as it continues to import rerouted Chinese goods — at a higher price — despite all the sharp rhetoric. If the US is serious about finally walking the walk rather than just talking the talk, it should bring all of that to an end. But it can’t, because there is no substitute — China remains the only game in town. Let’s see how much of that inflation US consumers are able to stomach!