How do you combat a country like China that puts tariffs on our products and manipulates their currency to reduce the value of our products? Shouldn’t there be a tit for tat to make their game harder to play?
You “combat”China by reducing the artificial overhead on American Industry. America is a much more cost effective place to make stuff except for all the regulation and taxation. China cannot compete with American industry on those terms. Free trade and no tariffs strongly favors the developed entrepreneurial nation over all others. The way to do free trade to the overwhelming benefit of the nation is simply to unilaterally proclaim Free Trade- remove all the barriers no matter what other nations do. If they raise barriers and tariffs, they will fall under the wheels of the free trading nation. That is how England rode the Industrial Revolution to the top of the economic heap in the 19th century and the reverse is how England slid back down. Relatively free trade propelled America to the top and the restrictions imposed by tax and regulation are driving it back down.
China’s managed and artificial State Capitalism is collapsing even as we post.