The biggest loser out of this isn't necessarily the US, it's Canada, who was US's biggest trading partner until 2014 when China displaced us. I guess this makes

The biggest loser out of this isn't necessarily the US, it's Canada, who was US's biggest trading partner until 2014 when China displaced us. I guess this makes us 3rd. The two economies are highly integrated, especially in the auto sector where parts move back and forth multiple times for a single vehicle, and manufacturing plants in Ontario playing the role of slightly-cheaper-skilled labour integrated into a continent-wide system. But the trend in the last 20 years has been a one-two-punch with the movement of manufacturing capital to China, but also to Mexico, putting Canadian workers in secondary industries at a disadvantage. Didn't help that the previous conservative government heavily promoted primary industry (primarily raw oil exports) over secondary; pushing resource exports over manufacturing, letting the dollar rise, etc. And then after that, Trump stirred up a trade war around steel and other exports, etc. That has improved, and with a weaker dollar, Biden in power, and cooling relations with China... manufacturing has started to improve here again. But it's not a long term good situation, I think.