Risky Business The Chinese goods tariff bill currently in Congress is a bad solution to the very real problem of the dollar's value. Matthew Yglesias

The problem with the bill in Congress is that the proposed solution misses the mark. Threatening to slap high taxes on Chinese-made goods could cause the Chinese government to change its approach. By the same token, threatening to shoot a nuclear missile at Beijing could also produce such an effect. Or it might lead to a downward spiral of retaliation and recrimination that only makes things worse. At the end of the day, putting higher taxes on Chinese-made goods is only going to make things worse for American consumers and Chinese workers alike. The proposition that it will help U.S. manufacturers is based on the dubious notion that U.S.-China trade is mostly in identical goods. Realistically, the main consequences of a trade war would be Americans purchasing more stuff from countries that are similar to China (Vietnam, Bangladesh) while China buys more from Canada, Europe, and Japan.
http://www.prospect.org/cs/articles?article=risky_business_10