Manufacturing is special and is a major wealth creation engine of the economy. Any company engaged in DOMESTIC manufacturing should be exempt from income taxes. Tariffs could more than make up for that revenue.
That is only true to the extent that the goods being manufacture enjoy a comparative advantage in opportunity costs of production. Tariffs distort true opportunity costs of production, and might benefit a particular industry to the detriment of the overall local economy.
How do you define "domestic" manufacturing? Are you referring to producing things only in the US for consumption in the US (as in no production for exports)? Do you mean manufacturing that uses only components sourced domestically (meaning no foreign content such as specialty metals that are only found outside the US)? And does your domestic manufacturing include all the bogus "green energy" projects that despite massive government subsidies still can't make any money?