Comment by cogman10

Tariffs work against the goal.

The only sane way to bring back manufacturing is investments like the chips act.

Think about it this way, you are a widget manufacturer trying to place a new factory. You could put it in say Canada and enjoy cheap imports and exports of your product globally. It's cheap to produce and easy to sell.

Or you could place it in the US, but now you are looking at a minimum 10% tax on importing the resources you need. On top of that, a significant portion of the world (especially the richest nations) are tacking on an addition 10% or more tax on your product because it came from the US.

Would you build a factory in the US? Maybe if you can source everything in the US and you are fine with your primary market being only the US. Otherwise, it's a bad business move.

When talking about something like semiconductors, global access is really important to be profitable. Low or no tariffs and the proximity to China and other raw resources powerhouses is a major reason why so much of the semiconductor industry is in Asia.