President Trump just cut the US trade deficit IN HALF, lowest in nearly 2 decades

[chr0naut]

This is exactly what happened in our industry. As our industry grew early 2000s, an overwhelming number of Chinese knockoffs flooded the market—not just a few, but loads of them. The industry had to establish a non-profit organization and raise capital to persuade Washington, D.C., to urge China to, pardon the pun, "knock it off." It took over a decade to finally get them to shut down the knock-off websites that directly targeted consumers and used foreign companies' intellectual property. A retail customer might see the same photograph that the legitimate company uses, but the knockoff product sent to the consumer doesn't resemble the original at all.

We sell top-shelf product. One of our top sellers in one season lost 1,238 units to fraudulent websites, which was approximately $370,000 in wholesale business lost on one design. This company had over 107 designs on just one knock-off website there were dozens of these sites

The numbers are staggering, and it's not just our sector 

Chinese wholesalers still compete with wholesale and retail sites, but they don't steal designs and images as prolifically.

And now, finally, due to Trump's terrible tariffs, American firms can sell retail products in China, and one of our long-time suppliers is opening a retail outlet; the firm is thinking of partnering and selling our brand there as well.

Huge untapped market, and the added cost is minimal

wanted to add 

We will always have a trade deficit with China, BUT we should always look for sectors to decrease the deficit

You are assuming that your company or sector should have a monopoly.

In truth, if your company or industry is 'protected' and becomes monopolistic, it usually means that it will raise consumer prices to as high as the market will bear.

Competition naturally moderates consumer prices.

Being undersold by competitors usually means that your prices are too high and your business processes need to be reviewed. Perhaps, even, your entire business model was based upon a situation which is unsustainable in the long term?

Propping that up artificially means that the businesses are reliant more on the props, than upon fairly priced sales volumes.