> Guess who won't be fine? US auto manufacturers.

The US is trying to do industrial policy (like now in China, and previously in Korea, Japan, and Taiwan, and in Germany before that), but without the key aspect -- export discipline -- that makes industrial policy work. I'm thinking about Joe Studwell's How Asia Works. Everything I'm seeing in the US reminds me more of the failures in Indonesia and India than of the successes in Japan and Korea. With the exceptions of -- "say what you will about Elon, but" -- Tesla and SpaceX. Bidenonics will take time to bear fruit, though, and could yet yield some successes.

Point is, using tariffs to protect "infant industry" is the opposite of export discipline.

(As a side note, most of those countries also had major land reform, whereas property rights -- sorry, "rule of law" -- are pretty sacred in the US )