It's just going to be a game of whack-a-mole as production and dumping shift to the less taxed countries. In the end, manufacturing won't shift to the US while labor costs are too high for factory workers. And the only way to remedy that is tanking the currency.

I wonder how much of that was transshipping, just using Vietnam as a passthrough?

Note that the new 34% China tariffs are on top of the existing 20% blanket tariffs Trump has already imposed on China, so it's really 54%. https://x.com/EamonJavers/status/1907540655871521264