The irony is that as China’s ‘middle class’ expands, Chinese companies are being forced to pay higher wages, and ...wait for it...
Moving their operations to lower-wage countries!
Trump lies when he says US companies and money are coming back to the USA "BIGLY". US manufacturers, who fled the US years ago to exploit cheap Chinese labor and non-existent environmental regulations, are moving to Vietnam, Malaysia, and other countries that still have low-wage/no regulation policies.
The big losers are the companies who can't offshore their operations very easily, like Boeing, Caterpillar, and other big ticket items. Nike can have their shoes made in a variety of countries because shoes don't require an educated workforce or huge investments in plants and tooling.
Part of the deal when so many US companies moved to China was that we would share technology, because the Chinese were smart enough to know that we were taking advantage of the previously mentioned factors of low wages and no regulations to speak of. That's fine with shoes and Tupperware, but maybe not so smart with aircraft, phones, and other tech that can be reverse-engineered and/or converted to defense usage.
it's time to stop sharing technology, but Trump isn't bringing back manufacturing jobs. They're just going to other low-cost countries as Brown Army astutely pointed out.
More Trump BS.