Also higher trade deficits signal a growing economy. And Walmart has put out notices to their suppliers they should look for other manufacturing venues besides China. As this goes on, more manufacturers will start leaving China who go somewhere else.
Trump recently on twitter:
“Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the U.S. because of the prospect of higher U.S. Tariffs.” CNBC. This is just the beginning. This car can now be BUILT IN THE U.S.A. and Ford will pay no tariffs!” Sept 9, 2018.
It’s now a fluid trade with the world. As Trump cuts deals with other countries like Philippines, Malaysia, Vietnam, Taiwan, et cetera, China will be the one cut short. China retaliates with$ 60 billion Trump hits $200 billion. China has a losing hand.