Also I really think the key thing to pay attention to here is “multiyear period”. As in, it takes years for companies to reconstruct their entire production and supply chain. Imposing harsh tariffs on goods made outside the US could theoretically boost domestic production, but only if there’s actually the skills and infrastructure available domestically to make that cost-effective… And even then, the gains would take years to decades to realise. And Trump sure as shit isn’t making the kinds of education and infrastructure investments needed to actually make any of that worthwhile.
He won’t actually, like, listen to them. But he’ll be in the room when they’re happening. Sometimes. If he didn’t decide to play golf instead.