He is encouraging American manufacturers to raise their prices because of artificial restraints on their competitors. And he is also discouraging the innovation needed to gain a competitive edge. Instead of waiting out in efficiencies, American companies can simply absorb them by raising prices.
I can agree that has potential to happen.
There are other things that can happen as well if someone does not address China's aggressiveness in financial, military and other foreign interference.
You make this a solo issue for you to buy cheaply no matter what. I see many things tied up here that have for too long been kicked down the road by others.