The Free Trader Globalists will side with the Communist Chinese on this one...sure bet.
When you find one, let us “Free Trader Globalists” know . . . I’d like to have some words with him or her.
In this particular case, I believe a trade war would actually benefit the US more. And to a lesser degree China. Seldom, if ever, does a trade war result in a complete cut off of trade.
The US government is so in debt to their own citizens, she needs to bring back some labor intensive industries. This in turn, would force China to take on a greater burden of industries at the higher end and push the US to relinquish more high tech work, or more specifically, technology driven work.
So personally, I don't believe China has anything to fear from a trade war with the US. Because, once again, a trade war seldom results in a complete cut off of trade.
The US shipping off labor jobs and keeping technology jobs causes an imbalance in wealth amongst her own citizens. The government indirectly responds by going into debt and borrowing from the rich to pay or give jobs to the poor. Hence, the $1.3 trillion/yr of government debt that is accumulating.
So, for these reasons, I believe neither side really fears a trade war.