Trump's war with China is not about trade but to destroy China's power. But Trump is the latest President to take up this issue. It began in 2000 when the four major Auditing firms in China were American and back then they saw what China is going to become.
America would have stopped China's growth had it not been for 9/11 and then again the 2008 depression. But that gave China, who was aware of America's plans to take her down, to develop alternative banks, organizations and invest heavily in the One Belt One Road Eurasian transport infrastructure. China also became a major gold purchaser partly to switch to a gold backed currency and partly to have sufficient gold reserves to buffer China when she starts selling our bonds.
China has also created the Petro Yuan. In total China is now quite capable of this economic war. It is still going to hurt her as well as America but now China has alternatives that she did not have in 2000. Beginning in 2017 China is shifting a good deal of maritime trade to her railways. Unlike the oceans, China is the sole owner of the railways that now traverse old silk roads and new pathways across the Eurasian region.
They do not hug the coastline of continents going from harbor to harbor, Instead these railways cut across the land, going directly to cities across Asia and Europe and will go into Africa. That kind of hard wiring has never been done before.
Along with China's railways are China's harbor connections. She intends to dominate transport and significantly cut the cost. Along with these railways are Russia's gas and oil pipelines that feed China, Europe and Asia.
China is investing in alternative markets to bypass the American market and also to bypass the American dollar.