Yes it is, but it's not unilateral. Europe outsources jobs to the US.
I think the thing to worry about is a bunch of clowns who think that they can keep business here by raising the costs of the employers.
Federal regulatory policies impose costs on our domestic industries that render them noncompetitive in the global market. To level the playing field, we should shift our tax policy to fund our Treasury with a relatively low, flat-rate revenue tariff placed on all imported goods, offset by a corresponding reduction in the corporate income tax.
If this inconveniences the transnational corporate taliban, I have no sympathy. They merely seek to profit by undermining our domestic industries. I see no reason why my tax dollars should be used to militarily defend their global lust for resources.