Why should American businesses voluntarily abandon an sizable overseas market and supply chain when China keeps getting access to our home market? In effect, placing a punitive tariff over our own heads and puts our American firms at a competitive disadvantage over our European and Chinese counterparts? Why should such a tax be born by the American corporation, workers and taxpayers?
If America has decided to decouple from China, then the solution should be legislative as it creates a level playing field for all firms involved, such that no one in particular is punished by a voluntary withdraw.
The saving grace is I believe world leaders are aware of this “you withdraw you loose” dilemma and are starting to cooperate to form a unified front against China. Donald Trump did well in waking the world up against the Chinese threat, but I’m afraid we now need a diplomat to finish the war.