My base case is still that the USD being the reserve currency is the problem. There will persistently by more demand for USD than is justified by the need to purchase American exports, so the currency is artificially high. This makes their exports more expensive than they should be relative to others, which hurts manufacturers.
Having a currency that is too strong for your economy always does this, look at the situation in European nations under the Euro.
Having a currency that is too strong for your economy always does this, look at the situation in European nations under the Euro.