That's a big part of it. The "go-to" guy on Trump's tariff plans is Robert Lighthizer (who the Chinese dread) and he specifies the need to stop ankle grabbing for China and the institutions they rig (Trump dumped WHO and just canceled dues to WTO and word is UN is next). China's success has been built on US foolishness and corruption. US corps will give-up all kids of secrets when pushed. BlackRock was told to push ESG and DEI in US boardrooms if they wanted to do business in China. Its all intended to cripple US and US gets clubbed like baby seal.
Robert Lighthizer: "China to me is an existential threat to the United States. It is-- a very, very competent adversary. China views itself as number one in the world and wants to be that way. They view us as in the way. They have the biggest army in the world and they're growing it, the biggest navy in the world, and they're growing it. They're spying on us, they are taking our technology, they've been waging an economic war against the United States and winning that war for at least the last three decades.. I believe in strategic decoupling. I'm not saying no economic relationship with China. That's not my position at all. I think you want balanced trade. "
Xi is in a panic - he never forgot how USSR was a major power and then Reagan kicked the stilts out from under them. XI is in the same place with the real estate crisis around the weird, "ghost cities" falling apart (called tofu construction - their submarines are crap too and leak and crews are scared to dive). Trump exposed the game in Panama and the massive auto plants intended for Mexico are scotched.
The tariff drams is kind of funny since we did it all in 2017 when Krugman was saying the economy would be wrecked and just the opposite happened.
Article has clues about the multifaceted approach to tariffs - its not all charts and numbers.
Trump's former trade chief says China is a threat, tariffs are necessary