My understanding from folks outside the U.S. is that they desire U.S. products because they trust the safety more. I'm not sure everyone quite understands that by gutting [regulations], they trash part of their international advantage.
I'm no expert, but even if they somehow managed to get manufacturing back, slashing your competitive advantages and just taking the market position of "China 2: This time it's more expensive" doesn't strike me as a winner for exports.
I'm no expert, but even if they somehow managed to get manufacturing back, slashing your competitive advantages and just taking the market position of "China 2: This time it's more expensive" doesn't strike me as a winner for exports.