15% of China's exports go to the USA, not an insignificant proportion, but China can sell some of this elsewhere and some to its vast domestic market. US sanctions may be uncomfortable - but bearable
For the USA, it is slightly more complicated. In 2023, smartphones, computers, lithium-ion batteries, toys, and video game consoles accounted for 27% of U.S. goods imports from China. Even more when you include goods manufactured in Vietnam for Chinese companies
Among the goods imported from China were lithium-ion batteries valued at $13.1 billion. This accounted for 70% of all U.S. lithium-ion battery imports that year and does not include batteries made in Vietnam for Chinese companies.
America's main export to China is soya bean, wheat and corn. All products they can buy elsewhere.
In this situation, all the best cards are in China's hands
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