There is nothing wrong with what is said, China's import tariffs have always been very high, and no one competes with China, also because China has a huge market, other countries can only yield to trade.

One thing that everyone might have forgotten is that Trump is a very capable person, smarter, more strategic, more intelligent, and more experienced than the average person. If you think he is dumber than us, then there is an 80% chance that we are wrong.
I increasingly feel that his tariff war might win, bringing huge benefits to the United States, making America even stronger, and the US stock market will welcome a historic rebound.
Over the weekend, I kept hearing that countries are yielding to Trump's tariff policy. Countries choosing to surrender on tariffs are becoming mainstream, with Australia, India, New Zealand, the Philippines, Cambodia, and Israel directly softening their stance and expressing acceptance. European countries are already fragmented, each with their own thoughts, while our neighbor, Vietnam's General Secretary Nguyen Phu Trong, directly called the United States, willing to reduce tariffs on the US to zero. Currently, the only country in the world announcing countermeasures by raising tariffs is China.
Do not underestimate Vietnam; according to US data, in 2024, Vietnam's trade surplus with the US will reach $123.5 billion, second only to China, the EU, and Mexico. It is a significant trading power with the US, so Vietnam's statement is of crucial demonstrative significance.
Objectively speaking, if the majority of countries in the world choose to accept reciprocal tariffs, after the US tariffs decrease, it will definitely benefit American companies' exports! The competitiveness of foreign trade exports will soar, and export volumes may rapidly increase, leading American companies to start making huge profits! Corresponding government tax revenues will begin to increase significantly! Then for imports, the US is the world's largest market. Although tariffs have been significantly increased, countries will still need to export to the US; they cannot give up the US market. Therefore, the US's tariff revenues will skyrocket!
US export companies making huge profits + US government tax revenues increasing + US government tariffs increasing = the US government and companies getting richer and richer! When there is money, naturally, everything else is no longer a problem. The small issues like American residents not being able to buy Chinese TVs, or not finding slippers and toys in supermarkets, will all be easily resolved.
Of course, this should be a good thing for the cryptocurrency market. The US economy has grown, and the US stock market will definitely have a strong rebound, and the cryptocurrency market, which has been following the US stock market, should also catch the wind and improve! So maybe the current difficulties are just a growing pain of a profound transformation, let's wait and see!