The "economic model" of the Chinese is to steal ideas, erect unsurmountable trade barriers, pollute the environment, make cheap garbage, harvest organs, put Americans out of work, and rip off others.
How about this, you vain fudge packer: break off trade with China altogether. That's what I advocate.
I don’t think we should completely break off trade. We should allow Bibles, Norinco rifles, 7.62x39 ammo, and super inexpensive babydoll nighties for women.
Trump takes the most obvious approach and increases the cost of China selling its goods here, the largest consumer market on earth. In theory, that would lead to less trade, and there being less demand for Chinas goods, deflation. But that cant happen because China cannot afford the unemployment which would follow, nor other Asian nations stepping into the vacuum. Chinas only practical response, but the worst one possible, is to further subsidize its exports so that the impact of the tariffs is not felt by the U.S. consumer.