At some point the "powers that be" will realize globalization has failed and will finally erect import tariffs to balance the budget and cause the bias of offshoring industry to the third world to reverse. A 20% import tariff balance the budget tomorrow. This will cause inflation and interest rates will rise, a good thing. As industrial output increases due to newly onshored factories plus automation GDP will rise to new heights (the rising tide thing) and America WILL go back to work. It has taken over 20 years for Free Traitors™ to destroy the economy so don't expect just short term pain. No, this industrial repatriation process will take a while.
The founding fathers did the same thing in 1789 and the USA paid the war debt off and industry flourished.
Of course lowering taxes and regulations would help but are a separate issue from tariffs.
WE HAVE NO OTHER OPTION(S).
"Americans can always be counted on to do the right thing…after they have exhausted all other possibilities."
--Churchill.
This only works as long as America is energy independent and we have a President and Congress that acts in the countries interests