Correct. A tariff on China means they will look to sell their goods elsewhere. The beneficiaries are new trading partners while the cost is borne by the US consumer. They will only get even when a Chinese priced/quality good is then manufactured in the US. It will take time and investment.

Reposted from Financial Times

Trump is sowing the seeds of an anti-American alliance

https://www.ft.com/content/ba1c81a2-0b5e-4a40-a9f6-35228d958b19

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