If you want your government to control the military industrial complex, you should NATIONALIZE it. Because you want everything in the hands of private ownership, you have no control over it. By privatizing and deregulating everything, you give the owners full control over their investments, to do whatever they like with it, like selling and outsourcing everything that is important for your economy and national security.

I'm not saying you should nationalize everything, but if you want the US to keep some manufacturing jobs, you need REGULATION. Tariffs might work, but after decades of privatization and deregulation, what Trump tried to do was childishly naive. The consumer just ends up paying for those tariffs.
Trump was acting like a tough guy against Carrier, but ended up giving them lots of presents and then they went to Mexico anyway.
Trump withdrew the US from TPP, but the replacement was even more a giveaway to companies doing outsourcing. He's a cuck to big business, so he will always fail to protect manufacturing in the US. The corporations want deregulation, so he will give it to them. If they think they can make 0.1% more profit by screwing America, they will do it! And Trump will let them.

You cannot compete with the rest of the world on labor costs, because Americans cannot survive on the income of a Chinese, an Indian or a Bangladeshi. And even if an American company would pay their employees the same, they could still not compete, because their owners and top management takes much more of the profits than a Chinese, Indian or Bangladeshi company. It's a race to the bottom to even try to do that, completely destroying your consumption oriented economy. Working class Americans who try to survive on low wages are terrible consumers. Still, right-wingers have been trying to go this route, for decades now. That's why America is failing.

America became the strongest economy in the world, when it strengthened the working class. The American dream was that everyone could afford a house with a picked fence and a car and send their kid to school. You lost that, when Reagan started cutting taxes and cutting funding of social benefits for the working class. People's wages went down, their spending went down and tax income went down, resulting in even more cuts to spending. People started coping by working more and women entered the working place by necessity, to feed their families. Most people cannot rely on the income of just dad anymore. Many people don't even have the money to start a family in the first place.
To the employers this doesn't matter, they design their production to fit uneducated workers and just get immigrants to do the job. That's not the fault of those immigrants or Democrats who 'open the border', that's because of YOU, who voted for a party that gives the wealthy tax-cuts and deregulation. Tax-cuts crippling your social benefits and education and deregulation making it possible to pay wages only immigrants accept. If that doesn't create enough profit for the owners and top management, they just leave your country to find even poorer employees. There's no regulation stopping them.

Some of your American made products are indeed still better than cheap Chinese products, but that's you relying on your technical advantage, which you are losing rapidly. You don't invest in the technical advancement of your country, while China is investing trillions. When Democrats try to do something, like the chip-act, Republicans fight against it, because it costs money. And when you do invest, your public investments are only creating private profits.

You've been sold a lie, by the exact people who are destroying America and you keep supporting their efforts to destroy it even more. America can only survive as a high-tech economy with highly educated employees. Unless, you want to flip positions with China of a few decades ago, be poor like the Chinese all were and you be their assembly line workers, while China does all the highly skilled work and reaps the rewards from your back-breaking work.
It's heading that way, because they are smarter than you.
Your MAGA cult propagates ignorance. It's anti-education, anti-science, anti-knowledge and even anti-progress. That's not how you'll win from China.