The US was more than happy to buy cheap shit to pacify the masses for two decades, we are no victims in this.
At the end of the day this seems to be an exercise in both nations - the US and China - trying to get the other to shoulder the burden of the problems produced from decades of policy. Don't think either one is going to "win" the way they want to.
The US is more antipathic to manufacturing and engineering than it was 20 years ago, not less. China is more bent on domestic malinvestment based on foreign consumption, not less.
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