It's why I have faith Trump can do this
I'm of the view you don't even need to clasp your hands with this regard. I expressed a tincture of awe at the speed Trump has moved over these past few months, which compared to the snail's pace of my government is practically light speed. People are arriving at what the inevitable conclusion to this whole endeavour will be within the first week of it happening, and I don't really think there's a precedent quite equal in scope and ramification that make whatever you come up with be an absolute idea, for both good and ill. I think the benefits of Trump's plan (assuming they manifest) won't truly be seen for quite some time, assuming that the companies drag their feet in bringing manufacturing back to the states.
There's a whole laundry list of knock-on effects both good and bad I can think of. One is that companies will have to pay the import costs of bringing in a particular resource needed to manufacture their completed product if it isn't available locally, leaving them with the burden of another cost and the burden of a higher price for the consumer (potentially). On the other hand, a business might fill the new niche of providing a local source for said resource; TSMC building a chip factory on US soil might help to make the local production of electronics easier, even if there's an entire list of materials I'm almost certainly missing which may also require import.
Turtles all the way down. It'll be an absolute pain the arse but I don't think it'll bring about an American dystopia.
I also see some muttering about the EU, which as of now is seems poised to respond aggressively, however there's some cracks on the issue of tariffs. Italy, who replaced the UK as its 3rd largest contributor, is aiming to work out their own deal with America separate from the rest (their prime minister is visiting the USA on the 17th). The UK also pretty much kowtows to whatever America wants so Starmer has called this whole affair '
the end of globalism' and is happy to play along. Whilst not Europe, Australia is also game and joined the UK and Italy in being cordial to the tariffs. I think the politicians will ultimately go with whatever is easiest, which'll be to put on a brave face but ultimately go along with Trump's plans. Germany, for example, was similar to France in desiring some sort of military presence in Ukraine to deter Russia but quickly abandoned the idea when they realised it would actually mean committing
their troops to the idea. In a choice between butting heads with America and going along with whatever America wants but whining the entire time, they'll probably pick the latter. Macron, however, has an unmatched ego (yes, even when Trump is on he playing board) will have him blustering for as long as possible before consneeding.
I think all of this will blow over in 1-3 months.