Only problem with your logic is you’re conveniently ignoring the fact that CHINA IS the cheapest game in town. There are generally no cheaper alternatives that can instantly fill in where China’s cheap products did.
So, I’m sorry to say, but US consumers WILL be paying more and it WILL mean INFLATION.
As much as anyone here wants the US to win, I don’t think any country wins when there’s a trade war.
That’s funny said the EU...
You're wrong. US consumers don't have to buy. Generally, if something is really dirt cheap people buy on impulse even if they don't need it. When something from China is pricier, people think twice about whether they actually want it or not, and may skip it or buy from another seller. There are cheap products from Vietnam and other countries. China is not the only game in town. I have bought cheap stuff from China, because it's dirt cheap and I don't necessarily need it. When the price goes up and is comparable to other countries goods, then people may not buy on impulse. There are many things from China that I can do without. Same with most people.
The inflation was already happening and outrageously so. I know that we will probably pay a little more for some things and *how much.* Even though I’m older than many who are retired, that’s fine. I’m an American, not some coveting European who regulates against his neighbors. We’re supposed to be “indivisible,” remember?
Competition is bad, huh? That's about the dumbest thing I've read today.
As for the idiotic notion that nobody produces cheaper than China, you might want to note that their extended success has changed that status. Labor is cheaper in MANY nations today, and they are simply following China's example now.