Oh, we'll see price hikes. There's no doubt about that. What most people are saying here is who fucking cares? The companies could take a hit and sell competitively if they wanted too. But they won't. And that's fine. That's they're choice. But there will be companies who already produce outside of china, or who move their production over. And those will be the companies that remain competitive. That's the whole point in a trade war. Strengthen your own domestic industries instead of exporting so much goddamned cash into a foreign nation.
Sure, that will still end with Americans paying more. But at the same time, Americans will get paid more too. It's an issue that takes care of itself.