The cost of theft
>Manufacturers, and ultimately US citizens, will pay the price
That is a massive assumption for which there is no basis. Chinese companies are famous for outright piracy and the tech transfer is also sanctioned by Chinese government, something Trump has protested but EU is hesitating about, most likely since they do not want to be seen to support Trump.
As tech is transferred out, by hook or by crook, US companies become less competitive and have less incentives to innovate and bring new products to the market. Therefore ultimately US citizens will also lose their jobs unless this practice is not stopped.