Well, sure. The essential tradeoff is always figuring out how much to economically kneecap yourself in the short term to maintain economic independence in the long term.
And, of course, if you overshoot and the other guys outgrow you as a result, that limits your ability to be secure as well.
Not all economic growth contributes to national security the same way. In particular, outsourcing a large share of your manufacturing to your primary geopolitical adversary is a poor strategy.
And, of course, if you overshoot and the other guys outgrow you as a result, that limits your ability to be secure as well.