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> obviously America will be able to make these products

American entrepreneurship doesn't mean all the manufacturing would take place in America. Entrepreneurial people are already moving to build more manufacturing in other countries where labor is less expensive and more plentiful than America. I don't think anyone was arguing that America would manufacture everything they currently import from China.

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Even if the companies laterally move overseas manufacturing to other Asian countries, the end result is still China losing economic control over the United States.

Can't those other countries start behaving like China? Sure, but doubtful it would go anywhere.

And this happened instantaneously with a wave of magic wand and no costs, right?

The cost to the USA would make the recent debt crisis look like a picnic.

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