China will pay when they drop the prices of the good's they make to keep the deal afloat.
Also, I don't believe the man will just go out and go tariff crazy, sometimes just the threat of something to come will be enough to garner the desired change, or the leverage to bargain with/from later. Lots of different angles to go by. One thing is for sure, he's talking about it now for a reason.
My question is what of an industry that never was manufactured here in the good 'ol US of A, like aftermarket chainsaw parts for example, will someone pick up the ball and run with it or will the game just fade away to History?