One way to help with this fight is to charge a tax on things made in Shenzhen. This helps by funding the government, helping build roads and fund things like healthcare, and also makes those items more price competitive with American-made goods.
Tarrifs can work. They're an excellent tool when applied stratecally, gradually, and combined with focused effort to nurture local alternatives.
Just because we're currently seeing them used in the most crude and reckless way possible does not diminish their value.
The comment should normally not have needed the context i added; to be taken seriously.
this really reminded me of the McDonalds people giving scholarships instead of increasing the prices of their jobs.
But OP specifically says that they have to lower US job's prices to CN's level but that is only really possible bottom line only if the cost of living actually decreases... which is a bigger issue and a bit of paradox for some time as well on how to do it.
Or bet on china crashing their housing bubble and take their currency stability and industry with them. But we've been predicting that for well over 10 years and it hasn't happened yet.
... and it would be quite useful to have local industry to replace it with, or we just end up crashing the USD aswell when nobody can produce anything.
https://new.abb.com/news/detail/129685/abb-to-divest-robotic...