America needs to increase manufacturing capacity if it wants to maintain hegemony and possibly world peace.
China will soon have the ability to take Taiwan and Korea and Japan. If that happens it's game over for any American interests and perhaps democracy as a whole.
Wargames[0] paint a grim picture of an upcoming conflict between China and America over Taiwan with the US barely winning at a great cost including the loss of many ships, aircraft, and the depletion of missile stocks.
The Chinese have a naval production of 260 times that of America and account for an ungodly amount of global steel production so they'll be able to bounce back faster than the US can. With a lead time for producing American missiles measured in months and years it will be just a matter of time before they take the countries in the region that are critical to American manufacturing if they're so inclined.
[0] https://selectcommitteeontheccp.house.gov/sites/evo-subsites...