>> short-term pain / long-term gain for American economic interests
That only works if the policy isnt changing day to day (or across presidential cabinets / administrations.) It takes a lot of capital and time to build local factories, and I would not feel comfortable with that investment w/o assurances there will still be a market for local goods next week, next month, or in 10yrs
Yeah this is the biggest issue. No one is going to make a long-term investment to accommodate such a capricious policy maker. And certainly not with Congress making noises about overriding him. The upfront costs of reshoring manufacturing need to be amortized over many years to make sense and there's no belief these policies will be in place that long.
That only works if the policy isnt changing day to day (or across presidential cabinets / administrations.) It takes a lot of capital and time to build local factories, and I would not feel comfortable with that investment w/o assurances there will still be a market for local goods next week, next month, or in 10yrs