big difference between japan and china. japan is a little islandd while china has 1.5 billion people
what people say makes no difference as one warning could be true and it is as china has 1.5 billion people and much more manufacturing than a Japan or the USA ever had.
Japan is still a manufacturing powerhouse, the third largest manufacturer in the world. Like the US, Japan focuses on manufacturing high-value products. China produces and exports lots of cheap plastic toys and apparel which the US consumer demands. We can’t make $25 cotton dress shirts. If that’s what we want, we have to import them. If we impose 50% tariffs on imports from China, the US consumer will not benefit. Only the US producers of goods that substitute for these exports will gain.