We don't really source much except cheap labor from China. On the surface it seems like the Chinese make the bulk of the profit off something like an iPhone but

We don't really source much except cheap labor from China. On the surface it seems like the Chinese make the bulk of the profit off something like an iPhone but really they make very little. In fact China knows this, which is why they've been tariffing iPhones even if they are "exported" from China back to China. https://www.cbsnews.com/news/china-makes-8-46-from-an-iphone-and-thats-why-u-s-trade-war-is-futile/ https://www.cbsnews.com/news/china-makes-8-46-from-an-iphone...