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China has won the trade war.
Trump found out he cannot bully them- the USA cannot now fight a war of any scale and duration without the refined rare earths China has since refused to continue supplying the US military industrial combine.

The US military is crippled.

Can USA hold onto the Americas and its crucial legacy petrodollar based financial system hegemony?

Canada has already moved toward China and Brazil and most of Latin America have as well.
Chinas productive economy is stronger - much stronger, and if you take away the extraordinary privilege of the petrodollar, the USA is immediately INSOLVENT.