It's an aggregate - the devaluation of the US as a trade partner increases China's, even if they do nothing other than maintain the status quo (they won't).
A valuation internationally of "the least worst option," viewed from the perspective of decade long trade relations.
And make it everyone else's fault somehow.
Essentially want to be the only option - buy a Tesla and fill both the trunk and frunk with gasoline or get wrecked.
Nevermind they're pumping and dumping the entire stock market now, turning all the safeguards off, and extracting wealth at a rate that makes Congress look like child's play.