Trump said that our trade deficit with China is China's problem to solve. The solution is clear. China needs to dump all its Treasuries and U.S. dollars and buy gold. Then, revalue the yuan higher and peg it to gold. The dollar will crash versus the yuan. U.S. interest rates will soar while Chinese rates fall.
Chinese consumers will instantly be enriched, as purchasing power is transferred from the U.S. to China. The Chinese will then be able to afford all the goods China now ships to the U.S. They will also be able to buy a lot of stuff in the U.S., like our used cars, that Americans can no longer afford to maintain or drive. So, the Chinese will get to consume all the goods they produce. Americans will experience massive inflation and a collapse in our living standards, as we will have few goods left to buy with our depreciated dollars. Problem solved!