Earlier quoted context omitted.
Yes, China. The policy should be collaboration with China. 50/50 state subsidized joint ventures with Chinese corporations on EVs, raw materials refining, solar panels and batteries, etc. At the same time, a gradual and predictable tariff in those targeted areas. All of this, with the explicit consent and collaboration with the Chinese government. You could kill 2 birds with one stone and focus these policies on gree…
Or, Mexico, Vietnam, India, etc. Despite perception, they don't have all the world's manufacturing.
But yes in general, if we want to re-industrialize, we need to move the collaboration into the physical world and out of the financial world.