Given that Americans are basically locked in to buying a huge proportion of their consumer goods from Asia, without any real alternative sources, they are staring at a huge surge of inflation. For example a new iPhone may well cost over $2000. There is going to be a similar effect on imported garments. Even widgets bought at Walmart made in Asian factories will explode in price. Belts are going to have to tighten and discretionary spending in areas such as travel will fall. Tourism destinations within the US will be hit as travellers from the rest of the world stay away in droves. The airlines are going to struggle to fill seats. Will this effect just hit the American economy or is it going to spread to the rest of the world? I suspect that it will make the OPEC oil crisis of the 1970s look like a picnic in comparison, but my understanding of economics is just that of a lay person. YMMV...