So he is doing exactly what China did - Making sure production is happening in his country, regardless of who nominally owns the factory. A step in the right direction.
I don't have any ill-feelings towards China other than some of their political and social proclivities. In the realm of business, they deserve full recognition and respect for what they have achieved. While the developed nations of the world got busy with nonsense and political infighting the Chinese quietly put one foot in front of the other, worked hard and lifted an agrarian economy to become the second economy of the world. Truly amazing.
The next couple of centuries will likely belong to China.
I can't think of a single thing anyone can do to affect change that took fifty years and an immense amount of hard work.
For one thing, people in Europe and the US would have to undergo a massive cultural shift. Entire nations would have to be more entrepreneurial and hard working than China. Politicians would have to actually do what's best for the people of their nations. Universities and schools would have to stop teaching bullshit ideologies and start producing capable and useful adults with financial and entrepreneurial chops (the average US high school graduate is basically only useful for stacking boxes at a warehouse and, maybe, making coffee).
These things are not going to happen. Or, put a different way: If, by some miracle, these things did happen, it would take at least 25 years to equalize the world. It would be a monumental effort most western societies are simply not capable of or not interested in embarking on...because, among other things, it will not be comfortable. And, BTW, that assumes China just sits there allowing the world to turn back the clock.
Sorry for the pessimism, but someone has yet to explain how we magically wake up one day and magically reverse a fifty year monumental effort by the Chinese people by teaching kids about Karl Marx and fighting about politics day and night. I can only imagine how stupid funny this must look from the Chinese perspective.
You think? While UK was busy banning Huawei for spycraft, Macron was signing a partnership to install Huawei factories in France. I guess “when you can’t beat spies, invite them to your own territory and pay them”, or something like that, I don’t know I’m not a politician.