It's just going to be a game of whack-a-mole as production and dumping shift to the less taxed countries. In the end, manufacturing won't shift to the US while labor costs are too high for factory workers. And the only way to remedy that is tanking the currency.
Tanking the currency is literally step 2 in their plan.
https://www.nordea.com/en/news/mar-a-lago-accord-explained-a...