We sit on the Eve of a Trade War

Investment Analysis Clubs Macro Economic Trends and Risks
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Might as well discussion it as a global war.

Just found this Google result. Kiss these numbers good bye.

In 2023, China’s largest source of trade surplus was the United States, with a trade balance of approximately $336 billion. China’s top trading partners in 2023 were:
United States: Total trade value of $664.5 billion
Japan: Total trade value of $310.8 billion
South Korea: Total trade value of $310.7 billion
Hong Kong: Total trade value of $288.2 billion
Visualizing All of China’s Trade Partners
China’s total merchandise trade surplus in 2023 was $823.2 billion, which is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus.
China’s most common export destinations are the United States, Hong Kong, Japan, Germany, and South Korea. Some of China’s most exported goods include broadcasting equipment, integrated circuits, computers, office machine parts, and semiconductor devices.

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BTW underlying China’s rise is a poverty so desperate in the rural areas and general public that after all of that in trade surpluses much less is spent on the military because the costs of surviving to eat are hard.

The term “economic profits” is harder to define

Corporate Finance Accounting
Economic Profit (or Loss): Definition, Formula, and Example
By Alicia Tuovila Updated April 11, 2024
Reviewed by Thomas J. Catalano
Fact checked by Ariel Courage
What Is Economic Profit?
An economic profit is the difference between the revenue received from sales and the explicit costs of producing its goods and services, as well as any opportunity costs.

Opportunity costs are a type of implicit cost determined by management and will vary based on different scenarios and perspectives.