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If you were to say that twelve random items would no longer be imported, then that is hardly isolationist. That is a tiny number of items, so the net effect would be minimal.
The only way to implement a system such as the one you advocate, without leaving huge supply chain gaps (which would be crippling) is to get the production of these things, en masse, done in the US, and cheaper than outside it too, FIRST, before you cut off outside supplies. You are not going to get that to happen, because until that supply shuts off, it would be financial suicide for any company to invest in such a scheme.
CEOs getting paid more per hour than their factory floor workers.
2) Business being sold off, or moved off shore to save money.
3) Businesses being closed in protest against the moves being made by implementation of your new way of doing things (which happened when Obama installed his healthcare initiatives, and would be worse in face of what you propose).
4) CEOs leaving the country, taking their vast fortunes with them.
Business globally would not allow what you suggest, to go down without using every legal means to avoid the controls placed upon them, and it would cause more focused chaos than a nation as large and resource dependent as the US could hope to survive.
So hypothetically what would happen if we required USA companies to pay USA/identical wages to their workers in foreign call centers and manufacturing? I don't think there would be a way to do it but...imagine a world where Microsoft call centers in India paid as much as they would here. You'd have an instant middle class there with money to burn, jumpstarting the economy there, then imagine Apple factories in China paying as much as they would have to here and on and on and on. What would be the fall out? Just a thought.
Now? The Steel Belt is the Rust Belt. Indiana, Michigan, Ohio and PA....the heavy industrial manufacturing states..are "green" and in the balance, without work or ability to manufacture much, compared to decades past. Others still DO manufacture all that we've decided we're above doing ..and if we go isolationist, we'll be needing to learn how to do without things like building steel and other finished products we currently import for lack of domestic capability.