Comment by seanmcdirmid

This is true, but the amount of production in China dwarfs everyone else, and definitely what America can bring up anytime soon, so two consequences:

A. Tariff for Chinese goods will be reflected in consumer prices pretty much directly.

B. Domestic suppliers if the same goods have very limited capacity, giving them the pricing power to raise their prices by the tariff amount, and take it as extra profit.

Take for example cars. We will see American cars go up by the same amount as imports as long as they are oversubscribed on capacity.