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Collectively? Rather led by Walmart and followed by companies savoring the other profit margins.
I view it as a failure of government. Markets will always seek the lowest prices. It wasn't just Walmart. It's everybody in the industry. It's just not possible to make money manufacturing in the USA for all but a few exception products.
.. many of those only exist because of protectionism. Ex light truck building.
You are 100% correct. There are a few non-governmental holdouts: 1. High shipping cost products (think blow molded kayaks) 2. Products China doesn't know how to make yet, a shrinking group 3. Some luxury goods (honestly though China will be better soon) I'm forgetting some
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