Such an overblown and baseless talking point. The USA has never been in a stronger position. Literally just printed 40% more money than has ever been created and the demand for her bonds is insatiable.

I’m happy for China and Chinese people having a better quality of life. But their economy is based on humans doing things inexpensive. It’s essentially a services business, not a SaaS business. It doesn’t scale well but they have so many poor people to exploit that they can make a thing of it.

When the seriously export culture, novel technology, or medicines then sure. When they aren’t a net importer of food then sure. But the yuan is not a serious threat to usd. It’s pegged to it.

Behind the cheap workers is whole industries and ecosystems and know-how, it's not a cheap labor problem. Bangladesh is cheap labor but if you wanted to start building phones there you will not have the ecosystem to support you..