[adventured]

What's actually happening right now, is the US and others (eg South Korea, Japan, some countries in Europe) are aggressively begining to redistribute their capital allocations to other nations (eg Mexico), including South East Asian competitors to China (eg Vietnam).

Samsung for example is making the majority of their phones in Vietnam now.

US imports from Vietnam have gone from nothing to $50+ billion per year in 20 years. A 100 fold increase. It's equivalent to 1/4 of their entire economy and it's almost entirely a deficit. We're going to build large regional competitors to China for strategic purposes. Conveniently, they can also buy up US debt with all of those dollars we're pouring into their economy.

Some of this is because China's manufacturing costs have climbed so much, some of it is intentional strategic emphasis (as the TPP was / is meant to be). The US very clearly has shifted its political interest in Vietnam for example.