Tariffs could be part of the solution but massive ones are bad. The real root problem here is the crushing regulatory burden and Trump can do that without any risk of igniting any sort of trade war. Sweep away some of the ridiculous regulations and costs will come down without anyone taking a pay cut and no new taxes driving up costs to consumers. And the President can do most of it without any help from congress since it's all bureaucratically derived mumbo jumbo, not law. Let's start there.
Driving down costs is always a good thing, but if we can do that so can the Mexican government.
So, I think there is a psychological impact of a tariff. Start low and threaten high.
A repeal and renegotiate NAFTA is also a way to achieve balance.
But I am adamant that we want ALL of our manufacturing jobs and products here. If they weren’t a benefit, Mexico wouldn’t want them there.