> Where, precisely, do you think your phones and computers are manufactured?
Vietnam, which now produces more Samsung phones than China does.
"Samsung has invested $17.3 billion in eight factories and one research and development center in Vietnam, turning the country into its largest smart phone production base, the government said. ... Exports from Samsung Electronics’ factories in Vietnam totaled $54 billion last year" [1]
US trade with Vietnam has massively exploded higher over the last decade. The US now imports as much from Vietnam as it does France (an economy 12 times larger). That trend will continue.
China's low value manufacturing is too easy to replace.
The US can move its manufacturing to any number of about two dozen other low cost countries. Just as US capital and the vast US consumption machine built China (and Japan + South Korea before that), it can next build up numerous other nations. The US has no permanently fixed need for China, there's nothing they contribute that can't be manufactured elsewhere (as witnessed by the way clothing manufacturing rapidly fled China on cost, and now eg Samsung's smart phone manufacturing).
Most of what China is looking to do is copy and then compete with what the US already does, from Boeing planes to military tech to semiconductor tech to software to biotech, medtech & pharma. China is a giant clone machine, nothing has changed about that at all. Accordingly, China has nothing novel that the US doesn't already have access to elsewhere or otherwise.
Vietnam, which now produces more Samsung phones than China does.
"Samsung has invested $17.3 billion in eight factories and one research and development center in Vietnam, turning the country into its largest smart phone production base, the government said. ... Exports from Samsung Electronics’ factories in Vietnam totaled $54 billion last year" [1]
US trade with Vietnam has massively exploded higher over the last decade. The US now imports as much from Vietnam as it does France (an economy 12 times larger). That trend will continue.
China's low value manufacturing is too easy to replace.
The US can move its manufacturing to any number of about two dozen other low cost countries. Just as US capital and the vast US consumption machine built China (and Japan + South Korea before that), it can next build up numerous other nations. The US has no permanently fixed need for China, there's nothing they contribute that can't be manufactured elsewhere (as witnessed by the way clothing manufacturing rapidly fled China on cost, and now eg Samsung's smart phone manufacturing).
Most of what China is looking to do is copy and then compete with what the US already does, from Boeing planes to military tech to semiconductor tech to software to biotech, medtech & pharma. China is a giant clone machine, nothing has changed about that at all. Accordingly, China has nothing novel that the US doesn't already have access to elsewhere or otherwise.
[1] https://www.reuters.com/article/us-samsung-elec-vietnam/sams...