The question and answer to ask: “How many people will lose their jobs/income in each country?”
To discover the answer we must know how much China exports and imports with the world and then subtract that number from what it exports and imports with the United States.
“China is the largest export economy in the world. In 2016, China exported $2.27T and imported $1.23T, resulting in a positive trade balance of $1.04T.”
US exports to China in 2017 were $129.9 billion
US imports from China to US were $505.47 billion
Conclusion, even if China stopped trading with the US, it would have a surplus of exports to the rest of the world of more than $1.766 Trillion and imports of more than $911 billion from the rest of the world. In fact, the odds support that imports might not drop that much because manufacturers in the rest of the world are in a position to offer similar products to China to replace what they were buying from the U.S.
What happens to people when US workers lose their jobs in the US vs China?
US exports to China support 1 million American jobs every year.
For sure, more than a million jobs will be lost in China but — China had a history of finding other jobs for those workers and even retiring workers early and sending them back home to rural villages where they pay no rent, property tax or mortgage payments. In China, most rural homes are owned by the collective (government and workers), and most of those rural homes also have land they grow food on. Early retirees go home with a Social Security check showing up every month and they don’t have to worry about losing their house. The younger Chinese factory workers are hired by state-owned factories or sent to work on infrastructure projects throughout a country that is building new cities, dams, solar and wind energy power project, highways, etc. And China is doing the maintenance necessary to keep its newer infrastructure working. China is now the world’s leader in wind and solar power production and is building newer power plants with better filters to clean the air so they don’t pollute as much.
In the U.S. workers go on unemployment until it runs out and then many of them will lose their homes or rentals and possibly end up homeless (if they don’t have family or friends to take them in) and begging to survive if they can’t find a church soup kitchen that feeds the homeless. Back in the U.S. infrastructure projects are being neglected, the railroads are in horrible shape with hundreds of not thousands of train derailments annually, bridges are wearing out and collapsing, dams are in need of repairs, schools are decaying and falling apart, airports are not being maintained and modernized, the electrical system is also in need up updating and most of the power plants are old and should be replaced.
I hope this information help as well your investors .
Sincerely ______________ .