Donald Trump has been insisting for years that our country has been too economically dependent on China, so it is sad that it took a global public health crisis to prove he was right all this time. When he began imposing strategic tariffs on China in response to its long history of abusive trade practices, the liberals all of a sudden became free trade fundamentalists, predicting that this new “trade war” would harm the American economy because we have relied so heavily on cheap Chinese imports for so many years. Instead, it was the Chinese economy that took a hard hit, while our economy at home surged to its strongest performance in half a century.
What happened? The answer is simple. Just as manufacturers had once moved their factories to China to take advantage of cheap labor, weak regulations, and lower tariffs on exports to developed economies, these companies are now fleeing China for other countries that offer similar business advantages without all of the political baggage from Beijing.