It's more than just 145%. The $145% means importers and retailers need more capital to pay the freight so to speak. It takes more money to put the product on the shelves.

The Chinese also hold a Trump card (pun intended) because they and the Saudi governments own a big chunk of the US debt (Treasury bonds). They can liquidate these bonds and cause major havoc in the US economy.

Or we could just not buy if we can do without. There’s no way a lot of that stuff will ever be made in America unless our standard of living lowers to something comparable to desperate Chinese workers. Suddenly that seems less far fetched.