Kamala just got hit by the Inverse Kramer curse
(media.scored.co)
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It will, but that's because hardly anything gets manufactured domestically. Probably the most retarded thing I've heard regarding US production is the TSMC plant in Arizona: Build the semiconductor chips here, then send the chips back to China so they can finish building iPhones and other electronic crap. You might as well stayed in Taiwan.
In theory, tariffs would encourage domestic production and onshoring. In reality, the corpos will likely face-tank the tariffs for four years until Trump leaves, or they'll find another third-world country to move to.
The tariffs aren't for commodities. You can't just smuggle a BYD car through another third world country and slap a different nametag on it to evade a tariff.
Whether a company builds a U.S. plant will depend on the opportunity cost of waiting four years over producing now. In some cases they'll wait, others they'll take the hit to profits to get more revenue.
Moreover, there has already been a lot of reshoring taking place because a lot of companies (as well as startups) are finding out that China is nowhere near as cheap as it used to be as their financial situation worsens and their population bomb starts to materialize. Yes, you are still going to have the ultra-massive international conglomerates trying to cut their nose to spit their face and remain overseas, but the last time Trump was in office we also saw a lot of domestic startups rising up to compete with them.