Being the global reserve currency most certainly warrants outsourcing your manufacturing base and changing to a consumption based economy.  Your currency will be too strong to do anything else. 

Only way I see the US bringing back its manufacturing to the homeland in a meaningful way is to allow for nominal wage deflation. The way to pull that off is to revalue the gold that the Treasury has in its vaults 

 Is this not just rehashing a currency war that will result in pegged currencies or alike revaluing their currencies in kind❔

Allow real supply/demand to determine the value of currencies to keep governments honest and avoid inflationary societal collapses.