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>I hope I'm 100% wrong.

You are. Manufacturing is moving back to the US quickly as labor in China gets more expensive and fuel costs increase.

Fuel costs are not increasing. Shipping across oceans is extremely cheap. Way more more manufacturing is moving US -> China, than the opposite.

Fuel costs are temporarily down because Europe's economy is so weak, but I wouldn't count on fuel staying this low. Also Chinese labor is not such a bargain as wages rise.

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