“To hard. Just an across the board 20% tariff on all imported manufactured goods.”
Chinese per hour labor costs are a third of the US.
A 20% tariff would simply make Chinese-made stuff 20% more expensive.
A 20% tariff would not alter the trade deficit.
Only financial balance requirements will alter the trade deficit sufficiently.
The purpose of the tariff is to promote industry in the USA. It works every time. 20% is more than enough. Learn history.
What if we let the yuan float and regardless of what China says. If the currency markets control it, wouldn’t that create a more fair market?