Yes but it has lost the trade war. China now dominates global merchadise trade. They dominate the purchase of commodities and therefore control those markets. And they dominate the supply of manufactured goods as they produce them at the best price due to the scale and efficiency of the CCP planned economy. Thus you cannot name any nation that can afford not to trade with China without suffering substantial negative economic/trading effect. The majority of US export trade is in financial products and military merchandise. Debt and Death. And today China is building its global trade empire - building the infrastructure, building half of all shipping globally- the USA builds less than 1% of new global shipping. The USA has LOST the trade war- the USA is a bloated inefficient empire crumbling in the fact of competition and resorting to tariffs to protect its inefficient manufacturing. While the USA may still hold a legacy advantage militarily and in terms of international institutional power, that advantage is receding. If one more large oil exporter joins the Chinese trading Axis, ignoring US SWIFT sanctions the USD/petrodollar and the USA that is dependent upon it, would be insolvent. Chinas proxy states Iran and Russia have been attacking US proxies Israel and Ukraine with considerable effectand imposing huge cost upon the US and its allies- while China enjoys cheap oil and gas via the trade dependency of Iran and Russia. The obese USA military has not won a war for decades. The trend is toward US decline and Chinese advance.

There were no wars prior to fiat money? The gold standard funded wars for centuries. Libertarians display chronic ignorance of history.

Without the vast seigniorage and debt rent derived from its global fiat monetary hegemony the USA and its Zionist Banker sponsors would be rekt very swiftly.