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Q: What impact would there be if all countries stopped buying, selling, or trading with China?
A:
Inflation. Made-in-China products are cheap. If you don’t buy cheap, you buy expensive. Buying expensive items means inflation.
We already witnessed the impact. Since Trump’s trade war with China, we have experienced inflation. If all countries stopped trading with China, the inflation would be enormous.
The Opium War in 1840 was about to trade with China. There were many treaties that China was forced the sign under gunpoint by the imperialist powers. The most important theme of those treaties was China's opening of ports and trading with the world.
What impact would there be if all countries stopped buying, selling, or trading with China? Will China collapse? History tells us the opposite.
There were about two decades during the Cold War when China was isolated by blockage and sanctions by both the US and the USSR. During that period, China made atomic bombs, hydrogen bombs, and satellites. China stood up against all the containment.
China, for thousands of years, has been a rich country, creating wealth in the world economy. Europe and the Arabian world enjoyed the silk, tea, and ceramics made in China for more than a thousand years. Trading with China has always been a good business deal for about two thousand years.
Trading with China is good. Stopping trade with China is stupid for whatever agenda. This is what we learn from history.