One thing that might happen after additional US tariff is a weaker RMB, which can make Chinese export more appealing.
This may diver export from US to other counties, which gives pressure to producers globally.
What to do if you have rmb?
– buy houses in China
especially given that rmb borrowing rate is low, and housing prices have declined for 3 years, if you have confidence in chinese macro, buying a property in good locations is not a bad choice.
– buy overseas companies that are making money overseas
then the earnings power is not priced in rmb, and the value of the company should be rather uncorrelated to rmb.