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> A lot of minor manufacturing

Europe is the second largest manufacturer of cars for example. And half the world's planes are made here. That's not minor.

> plus a lot of assembly

Right... assembling chips into things for example.

Wasn't that the point? The chips don't need to be sent to Asia in order to put them in products.

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Well I have car made in Germany, I don’t own a plane. But most of my possessions are manufactured in Asia. 2 Philips displays are made in China as the label on the back says. Apple phones too. Computers in China and Taiwan.

Assembled in China would be more accurate.

Modern supply chains are really complex. Your laptop might uses chips manufactured in Taiwan by Dutch lithography machines, have a screen build in South Korea using German automation devices, run on software made in the USA, all shipped on a Japanese-build vessel.

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