[snicker7]

There isn't a functional difference between a 5% tariff and a 50% tariff for most goods.

[d0gbread]

Why is that?

[loceng]

The number may be higher than 5% but it's because exponentially more and more non-Chinese competitors can outcompete more and more based on price the higher the tariffs on Chinese goods are.

[snicker7]

Competition. In a competitive and rational market, the cheapest good (of comparable quality/availability) will get 100% of the sales.