Trump is not trying beat China or another country, that is not his intention.
He is trying to get back jobs by adding tariff.
I am taking a sample AAPL.
Why do AAPL manufacture iphone from China?
Lack of technology, or lack of money or lack of people…etc?
With the advent of internet and globalization economy, AAPL is taking advantage of low cost and they get tax reduction benefit at 21%. BY adding tariff (actually Trump exempted phones) AAPL needs pay 25% additional money to US as duty. This nullifies each other (tax reduction and tariff addition) unless AAPL makes the iphone locally.
It will affect to the extend how much they are exporting. I do not have statistics to Analyze.I trust that USA would have analyzed the retaliation measures and the impact. We will see the results in the long run.
Since I owned Boeing, only two giants Airbus and Boeing ,I can confidently say that Boeing will recover as Airbus is already shattered.
Yes, China is independent country, they can grow at their own will. They are not depended on USA at all. Every country needs to address their self reliance, self defense on their own.