I see it as a variation of the Broken Window Fallacy. In both cases economic activity has been created (America will have to build it's own supply chains inter

I see it as a variation of the Broken Window Fallacy. In both cases economic activity has been created (America will have to build it's own supply chains internally), but in both cases it's the opportunity cost that gets overlooked. Everything at every step of the supply chain will be more expensive. The combination of more expensive goods and a fixed amount of capital means less stuff gets made. And the amount of stuff being made is practically the definition of economic strength. So in the same manner as the window repair person in the fallacy getting work, local jobs get created in the short term, but at a net negative to the overall system. Ultimately, it's better for everyone if things are efficient (with the GIANT caveat that those economic gains benefit everyone who is in that economy, which clearly hasn't happened in the US since around Reagan's tenure). To answer your question directly, as just a job creation tactic, I don't think it will work in the medium-to-long term in either India or the US.