The replacement of the Bretton Woods system in the 1970s with the petrodollar, transformed the US from a creditor nation to a debtor nation, and shifted economic and financial incentives in ways that resulted in deindustrialization followed by trade imbalance.

If we want to reindustrialize, it's simple: de-dollarize the global reserve. The downside is that it affects the finance bros and the US's ability to apply economic pressure to achieve political outcomes on the world stage. If you think the benefits afforded in international politics outweighs deindustrialization, thats fine, but you can't have both.

But in a way the reelection of the New York conman was the final nail in the coffin assuring that this will never happen. The red tribe found it more appealing to turn their frustration inwards and attack our country rather than working with the blue tribe to constructively address these types of problems. And with the subsequent destruction of most everything that had made us a world leader, it's questionable whether we will even have the world reserve currency for much longer.

Don't anthropomorphize the misguided missiles in the Trump administration. There is no teleology behind the tariffs, only chaos and grift.

Of course, this will make American consumers much poorer on average, but boost production capacity. Sort of what China does.