It's most notable to me in mid level manufacturing equipment. Once upon a time you would never touch a chinese made CNC, lathe, mill etc. Now they're totally fine, and offer significant value for your dollar. Sometimes outperforming other countries offerings while being cheaper to boot. Especially in new industries and processes, suggesting innovation is not the differentiator it used to be.

Enterprises often prefer having US based support and so can prefer US or European machines that have that supply chain setup.