No country ever off shored, retailed and imported its way to prosperity.
We did. Our economy is now seven times larger than it was when Jimmy Carter left office. And we manufacture more products now than ever in our past.
The Northern states prior to the War imported huge quantities of British capital to build the railroads. Inputs that produce more outputs are desirable.
Do you want the government to have Capital Controls on the flow of capital?
Tariffs are one of the reason third world countries are Third World countries. The lack of economic progress is not just political but due to the free flows of capital and commodities as well.
America’s premier financial position is because it has always been an innovating and creating country. We produce the NEW, not cling to obsolete technology. Those technologies are encouraged by competition which requires international trade.