iPhone made in the USA could never be sold that cheaply, maybe even double the price, with Apple probably even making lesser profits with high wages, lack of supply chains, lack of skilled workforce and at that price, its sales worldwide could never have reached the level it is enjoying today.
When USA manufacturing entities and Europeans and Japanese were making all the money in China, no one ever accused China of overcapacity with their presence in China. When they could no longer compete in China and against Chinese manufacturing, they raised the issue of overcapacity.
Did any country raise the issue of overcapacity with USA money printing over the decades? Did anyone take issue with USA overcapacity in defense spending escalation year after year? When China raise military spending, every USA ally raised eyebrows talking about the Chinese threat rising.
Why is the USA and the West not happy with China selling cheap products all over the Global South today? It is not for the USA and the West to tell China to sell less to those countries and telling those countries who they should choose to buy from. China did not put a gun to their heads and force them to buy from China. Global South countries themselves find value for money in buying cheaper Chinese products. The USA and the West could not compete, and it is this inability to overcome over the price factor that is fueling all the demonization regarding overcapacity and National Security reasons.
Anonymous
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