I think you're dead wrong. That was the past. I don't think that will work going forward. Just watch what happens in the next 5 years. we will completely wean ourselves from "Made in China" as a whole. Perhaps it will be replaced with "Made in India" or elsewhere but it won't be China.
Also...
Just exactly who is this "trade partner"? Forget the tariff for the moment. What do you think would happen to China (or any other exporting country for that matter) if the US were to boycott "Made in China" and stop importing altogether? Have they ever thought about that? That day will surely...