That's simplistic view. Smart leaders have to manage a country a whole. Not just pots and pans and farm produce. Why Nixon visited PRC in 1972? Why is USD as reserve currency important to the US? A mere suggest of having BRICS currency to replace the USD had Trump hopping mad. Smart consumers spend wisely and don't rake up credit card debt.
I hope he gets out of the way too, but not the way you mean. lol Also I see a strong possibility too that things crash.
I don't think this is going to work out like we think it will. There is not enough man power to export en masse. Hiring private companies to do this? dear lord. Talk about raping the tax payer.
Like 1988'ish. I bought my first car a Volkswagen Beatle for $400, gas was .77 a gallon, my health insurance was $50 a month with ER co pay of $75. a Frita hamburger was .55. a haircut was $8. Coke was $40 a gram and its still $40 a gram go figure. hahahah. Services here in the US were alot cheaper and have since gone up 1000 fold. and that's not imported .
You not only have to look at the price of things back then but also at how many hours you had to work to buy things. A lot of stuff, mainly electronics are cheaper. Also things are so much better now. The computer I learned on took up a whole room and today my phone has more computing power and doesn't cost as much as a decent calculator back then.
Nixon gave most favored country status to China and in effect elevated China by giving it trade advantages. Once, the US loses reserve currency status, the cost of imports are going to be higher. President Donald Trump has to take into consideration the situation now economically of China and the US. The issue with soybeans and corn is not a minor thing as they make a substantial portion of US exports to China. Add to that the ban of exports of rare earth minerals to the US and ban on using US made chips by China is more reason to thread carefully on tariffs. US is at a huge disadvantage against China now on trade. That is the reality.
Especially all that free money, aka bailouts, after the notorious subprime debacle of 2008 that only fattened the pockets of the rich (while not one single executive on Wall Street went to jail). Ggrrrr! But at the same time, no government bailout of any kind will likely lead to another Great Depression, which I would not want to see in my lifetime.
Nixon went to China so as to drive a wedge between Soviet and China. 50 years later, China pivot back to Russia. MFN was renewed yearly during Reagan and Clinton made it permanent. US agriculture export by country. USDA ERS - Countries & Regions US trade balance by country. List of the largest trading partners of the United States - Wikipedia How can the US be at a disadvantage if the trade balance in favor of China? Who has more power? Sellers or buyers? From a view half a world away, Biden is quiet mover, whereas, Trump a rowdy one. $36T of national debt is no fun.