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"The president is fixed in his purpose. This trade deficit and offshoring and the loss of jobs has persisted for too long," he said, while acknowledging the measures might lead to a "challenging" economic adjustment.

Bringing business operations back to home shores, it is the reversal of offshoring.

I knew others who had lost their jobs and contracts to offshoring.

But here’s what I never thought about at the time: I and other angry Americans hadn’t grasped that offshoring to increase profits was a central feature of capitalism, as advocated by both parties — but in particular by the mythologizers of capitalism on the Republican side.

I hadn't grasped that offshoring was a central feature of capitalism.