My take is simple... Chinas economy is largely propped up by government control. Ours is (largely) propped up by market forces. Our economy (IMHO) will take a hit, but will recover.
Chinas economy can’t handle the instability. I also don’t believe trade with the rest of the world will overcome the hit they are taking from a trade war with us.
So... IMHO... we are hurting them more than they are hurting us... China will come to the table.