Trump has to be careful of unleashing inflation forces that he cannot control. He wants to steadily increase tariffs without unleash inflation.
The USA has entered into its decadence.
The Tariffs are a result of the Trumpian dystopian view that the USA should return to its British Origins.
he wants to destroy the Free trade agreement with Mexico and Canada (technically he has done it)
Annex Canada, balkanize Mexico, (he wants Mexico to disintegrate into 3 countries).
And Annex Greenland.
he wants Panama as part of the control of China by the USA in Latin America and Greenland the same.
Economically is difficult to understand this trade war, unless you can see these 3 nations are trying to expand their territories China in Asia, Russia in Europe, and the US in central America and North america.
These 3 nations will fail, however I will confess you that Mexico faces the same problem you have in India with China, but in our case is the USA; Trump is unwilling to face the reality, the USA is now a multi ethnic nation, highly dependent upon globalization.
The immigration to the USA has been a direct result of the American decadence, they do not want to see a strong Latin America means less immigration crime and drugs.
They have left Chinese meddling in the drug war to damage the USA ( it is the Fentanyl war againt the USA), in fact they have stopped the Balkanization of Mexico, but they have also damage the economic integration of North America.
Globalization is inevitable, neither the USA, China or Russia will win.
The USA will win the rivalry versus the Chinese and Russians but as England after WWII their empire will collapse.
World Government will crush the USA, China and Russia.
Trumps Tariffs will fail