Everyone is utterly dependent on cheap Chinese manufacturing. The price of manufactured goods would probably quadruple overnight if companies had to abandon Chi

Everyone is utterly dependent on cheap Chinese manufacturing. The price of manufactured goods would probably quadruple overnight if companies had to abandon China. It’s not just cheap labor. China has all of cheap labor, lax environmental laws, cheap energy, a very manufacturing friendly government, a tech ecosystem, local expertise, and infrastructure. It’s literally the ideal place to manufacture, at least from an amoral economic perspective. Nobody can compete with China in manufacturing except in niche high skill areas.