it’s like you believe you can tariff them expecting they won’t do the same. Why do you believe the rest of the world is not going to retaliate and why do you believe America can prosper without the rest of the world?
What’s the point of having a military alliance with countries you puts tariffs on? That’s unfriendly to say the least.
Start by taxing the shit out of the CEOs and board of directors, with a mechanism built into the taxation so that any increase in their compensation is entirely offset by an increase in taxes. Then offer incentives to on-shore labor again.
This is the way.
Richard Nixon was great at weaponizing taxes against windfall profits to the benefit of the people. Also, if I recall correctly, this sort of taxation is partly why the US prospered so much from the 40’s to the 60’s.
It’s also a policy we are never going to get back in a post-Citizens United US. The people who wield the levers of power will never allow tax rates to get that high again.