Trump had been dreaming of forcing manufacturing to return to USA since his first term, claiming that China stole these companies together with all the jobs. Did China put a gun to Steve Job's head to make iPhones in China? Did China put a gun to the heads of CEOs of vehicle manufacturers from USA and EU to invest in China? They wanted to take advantage of the cheap wages and massive Chinese market to invest in. That was the reality.
Additionally, did China put a gun to former chief of Amazon, Jeff Bezos head to stock his warehouses with China made products? Did China put a gun to the CEO of Walmart's head forcing him to stock up on Chinese products for display and sale? Did China put a gun to USA consumers' heads to force them to buy Chinese products?
Trump is delusional that he can force manufacturing to relocate from China to the USA. It is as impossible as hoping for the moon to turn blue. China is still the biggest market for some of the biggest USA manufacturing outfits, and they are not going to risk losing that market that is four times bigger than the USA, with the Chinese population possibly already having the bigger spending power relative to USA consumers on purchasing power parity basis.
Western companies that chose to move out of Russia after the Ukraine War started are beginning to regret their mistake of abandoning the Russian market too hastily. Too bad their market share in Russia is already gone for good. And thinking about that will make them ask themselves whether it is worthwhile to do the same with China.
Anonymous
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