Yeah, it seems long overdue. Its easy to hate on the orange man, but this is one of his most solid moves in office imho.
I have always thought the way to go was to mimic their practices. If you have a requirement to partner with a local company majority owner, so do we. If you require IP transfer, so do we. I think this would be more strategic than a broad tariff.
I like it. Chinese factories that match US EPA standards can import tariff free.
Problem is they have very little IP. In their economy it's pretty much unwise to invest in IP because someone will still it so why just make a price elastic project instead of creating something new.