Tariffs are a two way street. China has a surplus with the US by a huge amount and tariffs on both sides will disproportionately, hit the Chinese. That is simple math. If China exports $200 billion to the US while, buying only $50 billion in US goods, how is that good for the US? If you just impose a 25% tariff on both sides, the US will collect $50 billion in tariffs, China will get $12.5 billion in tariffs. Certain industries could be hit granted but, any damage can be mitigated by using those tariffs collected to subsidize companies affected by the tariffs. That is the correct way to handle any trade war. Damage to China will increase as their goods become expensive relative to other countries goods with the same goods. Contrary to arguments that it will raise prices on consumers, only if you buy Chinese goods! Most goods are now manufactured by multiple countries so, China loses big time! Even China knows this!
I buy US goods first if available over cheap Chinese imports. Quality is better and lasts longer so, which is cheaper? Something that you have to replace after 3 months then, again 3 months later?
