Textile is just one Chinese product that has reached its quota. This is why textile price kept dropping as manufacturers vie for quota by competing with other manufacturers. .
Likewise some Chinese manufacturers are placing up factories outside of China. In the Philippines exporting to USA, we have a number of these here.
Net effect - identical Chinese export to USA, albeit using a different brand, label, origin...
Trade Balance cannot be eradied with quota, tariffs. The tariffs can be imposed by US authorities. However, you may wind up like the China-Japan trade difficulty last year (or two? )
Japan dumps Chinese agricultural produce; China dumps more expensive Japanese Electronics. End result Japanese electronic manufacturers as biggest looser.