I know someone who works for a construction company that does big jobs, factories, airports, hospitals, etc, and asked him about building a new factory. He said

I know someone who works for a construction company that does big jobs, factories, airports, hospitals, etc, and asked him about building a new factory. He said if someone woke up tomorrow and said "I'm going to build a new plant", 2 years would be an aggressive timeline just for the construction. That doesn't take into account the planning, design, permits, machinery installation, etc. It wouldn't be producing anything until after his presidency. Now, that's all fine and good, but construction materials like steel, wood, and aluminum are about to go up due to the tariffs not to mention supply chain disruption and stockpiling, making prices even worse. Construction is going to contract. The publicly traded companies all went down as soon as this was announced. Noone is going to want to build this stuff while materials prices are going up. There are other ways to encourage onshoring. 25% tariffs and a tariff war with our main trading partners ain't it.