A big part of the problem is that US monetary policy, high income taxes, and massive regulations drove trillions of dollars worth of industry out of the USA into countries like China. Of course, there still would have been global supply chains, either way, but US government interference caused it to become massively over-exaggerated with the USA becoming overly dependent on imports.
A big part of the problem is that US monetary policy, high income taxes, and massive regulations drove trillions of dollars worth of industry out of the USA into countries like China. Of course, there still would have been global supply chains, either way, but US government interference caused it to become massively over-exaggerated with the USA becoming overly dependent on imports.