Yes, we'll suffer for 50 years, BUT in that time the supply chain will be created in the U.S. and our grandkids and their children will be able to benefit from having all that industry in the U.S. instead of China.
And if I'm wrong, I won't be alive to be able to say I'm sorry to my grandkids who are now living in a barren wasteland.
The best solutions are the ones you won't be around to see fail.
By the way... this strategy will work as long as the entire rest of the world doesn't figure it out, keep their tariffs low, and have the supply chain move to them instead. So PLEASE don't let anyone in the EU, Africa, South America, Canada, Central America, or Indonesia see this comment! We only have to keep this secret for another 49.9 years!
P.S. I'm not joking. That's is the strategy he's following.