There’s nothing magic about $0.
I actually want to leave the tariffs in place. Maybe even raise them. Tariffs were great for this country it’s first 180 years.
If you want to see what happens to a country with chronic high trade deficits, look at Greece. Sure eventually their trade deficits dropped. But it was because they had lost all their industries and everyone was unemployed and there was no money left to import stuff.
China always plays the long game.
We here in the West only care about the next quarter’s financials.