@Tfmonkey My picture is a bit of an extreme example, because you'll always have inflation; but it just hurts seeing how much prices have gone up in general the past 3+ years.
@Bad_Banner It's only getting started. We've spent over $5T this year so far bailing out banks via the FED's emergency discount window, which is already about half of what we printed during COVID and 10X what we spent bailing out the banks in 2008.
@Tfmonkey We're also on-shoring a lot more production in the United States so that we're not hit as bad if something else happens that disrupt our supply lines, which is inflationary too (but that I can get behind).
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@Bad_Banner we've built some semi-conductor plants because the plan is to blow up the ones in Taiwan to keep China from getting them, but we don't have the workers. We still have a labor shortage, and the illegal aliens aren't going to be able to work these skilled trade jobs.
We started the Ukraine War partially to destroy the German (and thus European) economy so that Europeans would move their industries and immigrate to the USA, but they're moving to China instead.
As far as whatever happens to China, it's not really going to matter to the US since it's giving up on maintaining Globalization (it costs too much and there's no political will for it with its Citizens or its Politicians); which is why you also see France doing things with China recently along with Germany as you're saying.
Once Trump renegotiated NAFTA (USMCA) the writing was on the wall, but COVID really started speeding things up. It also helps that the cost of production in Mexico is less than China's and the goods are arguably better.