So when can we expect Biden to roll-back those trade restrictions with China, and also end those high-level meetings with Taiwan - anytime soon? After all, I was assured it would be the first thing on his agenda as soon as he'd been in office long enough people wouldn't think he was rushing into a policy change.
What does "cut Biden short" mean? They have no influence on his policies, except maybe issues like domestic minimum wages. I know there's this idea that US business controls the White House, but that's not actually how it works. If it was then these sanctions would have never emerged.
I also see no reason why the companies would increase unemployment, presumably by cutting staff numbers. If they did that they'd make it harder to sell their own items to their home markets. If Chinese consumers start boycotting their products, it will lead to staff layoffs in China first and probably in the Chinese factories that make the goods.
"Better brands"?
I mean, Chinese companies have tried to do that in some ways, often by ripping off foreign brands by tweaking logos or the names. Doesn't always work though.
Why people go for certain brands isn't always because "they're better". It's often about image. Is a Gucci handbag really better than one made by another company for half the price, albeit with a different design? Not necessarily. But other people would say it's better - because it's Gucci.
This isn't even a Chinese thing, countries all around the world have bought into the idea of luxury or premium goods from a select group of companies. If it was easy to just make a "better brand" these companies would not be as big as they are now.
I used to hear plenty of talk that Chinese people would ditch Japanese cars permanently over a decade ago due to Sino-Japanese tensions. Despite the protests and cars being smashed up, Japanese cars remain fairly popular there.
I think you're over-estimating the effect of the pandemic on global wages. The people who regularly bought luxuries and premium items have mostly held on to their jobs. Some may have foregone the latest upgrade of whatever, but the idea that large numbers of important companies are being kept afloat just by Chinese demand is questionable. Profits might be boosted by sales in China, but less profits does not mean falling into the red.
I mean it's a week's delay with ships going around the Cape - not exactly the end of the world.