> regulations and taxes
Measured in GDP, American manufacturing has increased since 2000. This suggests that the chief culprit is automation, especially when China's taxes aren't significantly less than ours.
> resource extraction industries
Need a citation here too. What percentage of the middle class derived its income from resource extraction even when that was at its peak in America? And don't forget to exclude coal from that percentage, because the decline of coal is mostly because it's now cost-uncompetitive with LNG and solar.
Nothing about America's current economic woes is going to be fixed by a Chinese tariff. This is firing blind and aiming in the wrong direction.