Ah yes “excessive regulations and taxes” the fig leaf of cover for naked international labor arbitrage. I am all for reducing taxes and regulation but that has nothing to do with offshoring to exploit the different standards of living between the USA and the rest of the of the third world.
I’ve been in factories in third-world hell-holes. Even with wage parity, most businesses would continue offshore production rather than fight the US government. I realize you are a lost cause, but taxes and regulations are the root cause.