the issue with this is that historically what ends up happening is that local producers just raise their prices to match the tarriffed imports, because why wouldn't they? companies generally prefer to sell fewer products at a higher profit margin, with rare exceptions - for example, large grocery stores make almost no profit per item but have massive turnover. but pretty much every other business has way less turnover, so they're happy to take a 10% sales cut for a 20% margin increase, or whatever the math works out to be. and if the tariffs are on something consumers have to have, like food, then they don't even take a sales hit and its just free money. manufacturing may or may not come back to america, but prices will definitely rise. and american manufacturing is highly automated because wages are so high, so even if manufacturing reshores it's not going to employ many people. i have mixed opinions about tariffs. i don't think they're inherently bad. however, i think a flat import tariff is inherently retarded. furthermore, companies lobby hard for exemptions to tariffs which are entirely within the gift of el presidente, so they just become a massive fuckfest of corruption and graft as well. this is what always happens with tariffs. happened last time, too.
Australia