Only if we tank our currency and create a huge population of people willing to work for a buck oh five.
Kill people's savings, might happen. Discretionary spending is about to get clobbered. Restaurants may be at the top of that list, and travel.
I rather doubt Walmart is going to increase the price of only Chinese made goods 25%. I think everything goes up 25% and they pocket the margin as long as they can get away with it.
That's a sacrifice they are willing others to make.