The big systematic problem the US is facing is that much of what you describe is heavily funded by the ability to print dollars to sustain the trade deficit - b

The big systematic problem the US is facing is that much of what you describe is heavily funded by the ability to print dollars to sustain the trade deficit - because the World needs dollars. In other words, the US is living above its means because the World is ready to give goods for paper (money). That move from China is aimed at undermining this ability. I'm completely not rooting for the Chinese, but the risk is real. If they succeed, the US will need to cut internal consumption by 2.6%, which will hit heavily an already struggling middle class. Not a good prospect.