Yes. If the EO theory is correct, then we're seizing cargo and ships entering US waters, and potentially Canada and Mexico under USMCA. No one can admit it, because that means game over.

China's now got to suck up losing hundreds of billions if not trillions, and the US is building a stockpile of seized goods to weather the storm. After Trump already crippled them with the Trade War. Not only did he win the war, he played for keeps.

If the US is seizing ships, then they'll be auctioned off to US bidders to start exporting Made In America goods while the US can threaten trade restrictions on anyone who doesn't put sanctions on China. The CCP is done. They're going to have the worst economic depression in human history.