What's "works" in this context though

Reply to this note

Please Login to reply.

Discussion

Actually brings industry back

Yes, exactly that will happen.

Most, if not all, of the production will be local. However, the higher cost of local labor (unless there is a constant inflow of cheap immigrant labor force) will push prices upward, resulting in lower domestic consumption. International trade will also suffer due to reciprocal tariffs. Anyone seeing only the first part of this equation clearly hasn't paid attention while reading their Bastiat.

Does your analysis include the possibility of moving to a neutral reserve asset and currency thereby lowering relative costs