Tanking the stock market is a feature, not a bug.

do you mean this in the same way as James Carville's quip about the bond market scaring everyone? the market as a check on political free-wheeling

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ah, the 4D chess genius argument.

I think America is exceptional, and will come out of a shrinkage of world trade stronger than China will. 

Am I just coping? How can I distinguish this analysis from ex-post rationalizing the chaotic decisions of a madman though?

I mean that I think they want to actually deflate the market, for both economic and political reasons.