This. US deindustrialization can only be understood as a major political shift and, like all major political shifts in the world, it is the product of a conflation of multiple, simultaneous pressures.
Among these are: 1. political leaders exploiting the lucrative US market for foreign relation wins. 2. differential labor costs 3. differential regulatory burdens (health and safety, environmental, etc.)
Manufacturers have had all of these pressures applied and they've responded accordingly. Seeking lower labor costs and lower regulatory burdens is not merely simple-minded "greed." When competitors leverage these affordances they gain an advantage in cost, so others must consider following.
There are other aspects.
* Industry/mining/some types of manufacturing are often dirty business and cause pollution, not something you love to be around. Energy consumption is also high.
* They usually come with many hard jobs that people don't exactly love to do if they have alternatives.
This can be countered with automation, but that comes with high cost and limitations that we are only now approaching solutions for (eg flexible humanoid robots with AI-driven controls).
* The big industrialization craze of the 90ies/early 2000s came about as western markets started to saturate and approach low growth rates. The hope was that lifting new countries out of poverty would create economic opportunities.