| >most non-food products -- from toothbrushes to the cheapest cooking utensils -- are made in China They don't have to be. Speaking of toothbrushes, a lot of cheap stuff can be made in the west. For example my local DM (European version of CVS/Wallgreens) is full of toothbrushes made in Germany, Sweden, Switzerland, and one time I even got an US made Oral-B which I loved but can't find anymore, all costing not significantly more than the toothbrushes made in China. Plenty of cheap stuff in my house is made in the west as well: my plastic garbage can is made in Switzerland, my plastic AeroPress and its paper filters are all made in the US, the list could go on. Till the early 00's I could buy Blackberries, Siemens, Nokia and Ericsson phones made in their respective home countries, while not costing more than Chinese made flagship phones cost today adjusted for inflation and purchasing power. The mass offshoring of manufacturing to China mostly benefits the shareholders as they can pocket the savings since obviously they aren't passing them down to the consumer if Chinese made goods cost nearly as much as those made in wealthy developed countries. I'm not against free trade, but tariffs should have been left in palce to level the playing field and tariffs only would have hurt corporates profits and executive compensation, not working class prosperity which was at an all-time high before the mass offshoring of jobs. |
Disruption to trade with China would affect prices in proletarian supermarkets in the short-term, which would be a huge problem when millions of Europeans (and their counterparts in other Western countries) are already complaining of inflation.
You write of having been able to buy European electronics at competitive prices, but that was long ago and Europe has already lost the whole production landscape that enabled such quality at competitive prices.