Won’t that actually work to knock down that one number? Higher prices will encourage people will buy fewer Made in China parts and those that do buy, will be paying more and giving the money to the Feds.
This won’t increase jobs, however.
If you ran a business that suddenly befitted from tariffs would you invest resources in the business by hiring more people and/or expanding capacity and facilities if you knew the tariffs could end at the whim of Trump on the advice of the latest commentator or something he heard on Fox news?