Classic neo - conservative advice says that tariffs start a trade war and cause imports to cost more. They consider that always to be bad. It is true that adding a 25% tariff to a tv will make a $1000 tv cost $1250.
But all of that tv was made overseas. All of the jobs, taxes, and manufacturing base is overseas. They can undercut US wages so greatly that it is cheaper to build that overseas AND undersell the same made in America products in American stores. The tariff means their products are more expensive on the shelf when you go to buy so you have an incentive to buy American because it now is cheaper.
The overseas manufacturer now has an incentive to build in America instead, so he can make more money.
The nation gets the tariffs to pay toward the US budget. That was how the founders envisioned financing much of the budget.
We also get the manufacturing base, the spin off suppliers, the jobs, the distribution, the retailing and service jobs. When It’s overseas all we get is the distribution and Walmart jobs. The other way we get all of them
And trade war? THEY want to sell here. WE can be self sufficient. And THEY are already tariffing us and discriminating against us. Why not have all the better paying jobs, too?
That’s why I call them Free Traitors™. The moniker fits like a glove.
Ok - so you add some jobs but the profit base is not here, it's in the home country. And politically speaking, after you deploy the tariff why would you think a Taiwan or Korea would give the green light to take jobs out of their country and move them to the US? If you impose a tariff and start a trade war why would Seoul agree to lose a factory there to build in say Tennessee simply to sell a few more TVs?
I see where you are going but it's not that simple. Honda/Nissan/BMW for example are here because they were getting killed on the foreign exchange translation of shipping into here. Now they can do everything in USD base and keep it here if it make sense.......but, they can also take the profit home if the USD makes it right.
But to have a foreign company build here post a tariff I think is near impossible - both economically and politically.