Well, since we have the deficit, that means when we are sanctioned by China in retaliation for our new sanctions over the spy balloon, that we are going to suffer. Because we need them more than they need us.
We need China to get stuff from them. They only need us to get money.
In a war, money has no value. Only the stuff does.
America, which was bankrupted 3 times in the last 13 years falls into a recession. The fourth collapse will not be something the treasury can bail out if we are facing an embargo while at war.
This is simple, basic economics.
America will suffer. Japan and South Korea will suffer.
Not China. Not Russia. Not Iran and North Korea.
The rest of the world will stand down.