Cheap immigrant is still coming in, especially when the US maintain its competitive growth and opportunity, I don't see that changing any time soon.
Cheap goods aren't just from China anymore, the biggest advantages trading with China was its great supply chain, from raw material, manufacturing and transport. I think it's not an irreplaceable advantage though, since much of it could be moved offshore.
EU will have to accept they will struggle due to Russia/Ukraine conflict. That being said, I think Russia doesn't want to drag the war out, and the energy transition will take time to complete.
Cheap immigrant is still coming in, especially when the US maintain its competitive growth and opportunity, I don't see that changing any time soon.
Cheap goods aren't just from China anymore, the biggest advantages trading with China was its great supply chain, from raw material, manufacturing and transport. I think it's not an irreplaceable advantage though, since much of it could be moved offshore.
EU will have to accept they will struggle due to Russia/Ukraine conflict. That being said, I think Russia doesn't want to drag the war out, and the energy transition will take time to complete.