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US corporations have led the charge to profit from that 'slave labour' that you talk about.
Without those low wage economies USA would face an inflation hike of epic proportions.
US industrial base simply is not competitive anymore- its too clogged up with rentseeking corporate parasites.
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a race to the bottom.
It always was
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The fundamental issue is at core a WTO issue. When your trade partner is using slave labor, there is no "free trade" and it becomes a race to the bottom.
The actual "free market compliant" real way to rebalance american manufacturing would be to ensure that WTO policies dont allow for slave trade to compete with "free markets" (I have no idea how that would actually be verified or enforced).
Realistically though, WTO is a tool of same big groups who benefit from the imbalanced trade situation, so I don't expect alot of help there.