But the Germans and Japanese continue to sell really expensive goods all over the place: Motors, bearings, cars, machines, steel. I have trouble seeing this as only a “Chinese” problem, though that could be part of it for sure.
I do wonder if America as a community has lost our ability to manufacture commodity component goods (bearings, steel, rubber, plastic, motors, batteries, electronics), and therefore is not as able to produce finished goods the way Chinese, Germans, and Japanese can.