That’s a pipe dream we’ll never see come to fruition.
What we should be doing is establishing something like Roosevelt’s War Industries Board to identify what are critical US manufacturing interests and pull them home with carrots rather than force them home with sticks.
If we don’t provide the carrots they will just come home long enough to go bankrupt.
Pull all critical manufacturing out ASAP, starting with the entire pharmaceutical industry and anything related to defense or communications.
The rest we should move out of China, as much as possible to the US but the rest to friendlier nations.
I’ve proposed a “Compaq of The Americas” whereby we form an economic alliance of Free Nations in our own hemisphere taking advantage of the 700m plus work force and the fact we have most of thew world’s accessible remaining raw materials.
We could raise the standard of living from the Arctic to the Antarctic to a US level and even more and become the strongest economic force on the planet in a couple of decades.
Neither Europe nor Asia could begin to touch us.