There's no evidence that a trade war will necessarily be bad; it might force us to re-diversify away from agricultural and mining as we once were.Might be worth having a look at the GDP trends by industry
It's even more informative about the immanent demise our our debt-fuelled orgy and government supported real-estate scheme.
The main "industries" are often full government-funded or supported - we're talking "health and allied health", "education (including selling visas)", "public safety and administration" - those things alone are almost 20% not including other things supported or subsidised by the government.
Rents are six and a half percent of GDP and they've been going down in many capital cities, sitting back and collecting money from real estate isn't as lucrative as it used to be.
Real estate services, finance, insurance and construction - those four factors (combined) are 29.6% of our economy... Wow! Just wait till the housing bust continues for another 12 months across the eastern seaboard, do you reckon there'll be anyone left standing at all or will the wave of unemployed agents, mortgage brokers, building workers etc etc all be queuing at Centrelink?
Where's the diversity in our economy that will carry us through the recession caused by the cops busting in our debt-fuelled orgy?
Incidentally I don't want to cite where I found those GDP figures - I want to hear about how your Indian HR manager went crook about your using company time to search for these things when they're obviously nothing to do with your job.