[Alberta's Child]

The downside is that the biggest competitive advantage the U.S. has over other countries in manufacturing is for products that are sold here in the U.S. The U.S. would have a hard time competing with Asian countries for most products sold in Asia even if U.S. labor was cheaper than Asian labor. If you're going to sell 500 million iPhones in China and 50 million of them in the U.S., it usually makes more sense to produce them in Asia.

[Cringing Negativism Network]

Asian markets are not open.

China won’t compete fairly. America is being stripped bare, because China is cheap. But China is a closed society and a closed economy.

That is a fact.