This is what you get with a stable genius making economic decisions on a whim rather than a high-level staff of trained and experienced economists.

Donald J. Trump
We are right where we want to be with China. Remember, they broke the deal with us & tried to renegotiate. We will be taking in Tens of Billions of Dollars in Tariffs from China. Buyers of product can make it themselves in the USA (ideal), or buy it from non-Tariffed countries...
....We will then spend (match or better) the money that China may no longer be spending with our Great Patriot Farmers (Agriculture), which is a small percentage of total Tariffs received, and distribute the food to starving people in nations around the world! GREAT! #MAGA
[twitter.com]

Twitter comments:

pretty sure that bankrupt soybean farmers aren't right where they want to be, but cool story, President Billion Dollar Loser, what could go wrong with an erratic old screwball helming the world's largest economy

You will devastate the MidWest and lose a portion of your base. China understood this. That’s why they didn’t negotiate.

Those tens of billions of dollars are paid for by US consumers in the form of an import tax. Per usual, Americans are funding this ego trip.

“The cost of Trump's tariffs has fallen 'entirely' on US businesses and households.” -Goldman Sachs

We will not be "taking in" a single penny from China. American businesses and consumers have to pay the tariffs. Prices are already going up, e.g., washing machines average $100 more now.