We should institute a tariff for each country that exports goods to our country.
The tariff would be a percentage of the value of goods imported and would be calculated on the percentage of the difference between what the avg salary is for a particular industry and our minimum wage.
So if China thinks $1/hour wage is good in the shoe industry, then we would add a tariff equal to 86% of the value of the goods coming into the country. ($7.25-$1)/$7.25=86%. (assuming $7.25 US min wage)
So the pair of shoes which may cost them $10 to make would have a tariff of $8.60 added to them. If the US company could make shoes for less than $18.60, it might keep jobs here.
Of course China would add a tariff to our goods, but what do they buy from us other than debt?