Subject: Re: USDollar
Then there's the looming specter of a conflict with China, which has 2x our manufacturing capacity but even that doesn't tell the full story when you throw in raw material sourcing and processing, which they also have....

And our current policies are pushing nations towards China. Nations are allowing Chinese bases into their countries because we abandoned those nations. Now the EU and Canada, our allies, are viewing China as more reliable than we are. That's a problem, and entirely self-inflicted.

You do make a good point about the Rust Belt. We also worked in high-tech, though in our sector, a lot of that work was already being done overseas. We weren't immune to off-shoring. High-tech still has labor costs, and the cost of labor overseas is less. And other nations are producing fine engineers today. No need for the expensive American engineer. I agree with your implication that this is not a good thing. I don't believe this administration has made any of it better. If they even want to (I'm not convinced), they're going about it back-asswards.