I agree, this is bad logic. That said, that’s not what I hear from the current regime when I hear them talking about tariffs. What I hear is them thinking this will force countries to lower barriers to Americans doing business abroad. Once those barriers are lowered, tariffs are reduced or go away altogether. For the record, I do not think this is good policy, but the intent of the policy (at lease as I read it) isn’t to suddenly move all manufacturing back to the United States.