It's easy to bring manufacturing back, just give it a decade or two, but impossible to make it internationally competitive without large-scale market regulation such as tariffs or handing out government subsidies.
My problem with large-scale market regulation is that it also increases the price of inputs for companies who would otherwise be interested in building a factory in the US. Do you have a solution for that?
I feel misunderstood. I'm definitely not advocating for tariffs. The point is that even if this strategy worked for bringing manufacturing back (it won't in general and widespread because of labor shortage), it would result in products that are not going to be internationally competitive.