My boneheaded proposal is the opposite of Trump's approach: give the rest of the world coupons to buy made-in-USA products and machinery at a steep discount. Ship stuff to the rest of the world and ask nothing in return. Get the orders rolling in from around the world, pushing up economies of scale.
Of course, this will make American consumers much poorer on average, but boost production capacity. Sort of what China does.
So... A free trade deal.
This is a well known practice called dumping.
Expect other countries to retaliate.