India tried this approach for multiple years and was a catastrophic failure. Indians had to survive on subpar cars such as Ambassador and Maruti, expensive TVs and fridge with subpar quality, and a dwindling economy. The way many Asian economies have succeeded is not by protectionism, but by identifying their niche capability and focusing on them. For example, automobile in Japan, semi-conductor in Taiwan, appliances in Korea. The equivalent approach in the US would be to concede low end manufacturing to China and focus on improving high end manufacturing and future industries that can sustain higher labor costs. Not trade tariffs.