Funny...I’m very familiar with this as I sell products that were affected. The importers largely “absorbed” the first tariff. Then, for the next one they “shared” the cost. When it became apparent that more tariffs were coming, they made other plans.
Now, most have either moved production away from China...either back to the States where possible, or to other Asian countries. This was not accomplished without diffculty (delays in production); but it has been done & is permanent...a huge blow to China in the long run.
The end result of all of this is that bids completed “pre-tariff” (over a year ago) for jobs ordered today have increased by less than 10%. So this (at least in my industry) is complete B.S.
If you can do so without revealing more personal information than you want to, please identfy your industry.