$PDD Holdings Inc(PDD)$ import

importers will look for other sources, making China more uncompetitive. China will then look for other partners to trade with, which could make these partners more competitive.

For example, the top imports from China is electronics (cell phones, tv) and machinery. Increasing tariffs on that, not only will not create jobs, but will help US competitors. Chinese electronics manufacturers will be forced to lower prices and sell to customers in europe and domestically.

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