Cheap plastic Chinese crap that we don’t need...
Not too sure about that. I just took delivery of a 1500 lb metal lathe that cost less than quality ground round per lb.
IMO, there's a fire sale going on for items now that may cost a fortune later, if you're even able to get them later, if disruptions in transportation/tariffs/trade, like this one, continue to occur.
One of the first signs of a collapsing economy is somethings become hard to find and selection slim. I see it now at hardware stores and big box building supply stores. Even Walmart seems to be having issues keeping some items in stock.
See Venezuela.
If the flow of Chinese goods suddenly stops, a great number of things we used daily will be in short supply. It will take many years for our manufacturing to pick up the slack, not to mention the time it would take to train a capable workforce.
We lost jobs overseas over a period of years, it will likewise take time to bring those jobs back.