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The OP's comment is not grounded in reality. The U.S. used Chinese factories because they were cheap. Emphasis on "were." Companies have been switching away fr
by gamblor956 5y ago
The OP's comment is not grounded in reality.
The U.S. used Chinese factories because they were cheap. Emphasis on "were." Companies have been switching away from China en masse (to India, Vietnam, Thailand, etc.) for at least the past decade because China is no longer the cheap option. Frequently, including shipping costs (even before COVID) it was cheaper to just get stuff made in America if you could find a supplier. Hell, my last 3 years at a firm were devoted almost entirely to helping companies restructure their international operations out of China to cheaper countries.
The U.S. won't take serious action against China because China took Russia's place as the global counterweight to the U.S. But it has absolutely nothing to do with China's so-called economic leverage, because China doesn't have any over the U.S. anymore.