I think a national security argument is much more sound than an economic one, although costs are externalized in a way that isn't obvious, i.e. ecological disaster that shipping everything around the world and back (components, assemblies) is, and hollowing out a local supply chain takes virtually no time while the impact or limits of it are hidden until abrupt breakage (i.e. covid-era shortages on basic supplies, wars, or heavy handed statesmen dictating preferential access to silicon or whatever today). That is, every nation has to maintain some stake in not hollowing out completely while still participating in global commerce.

Once upon a time nations understood the issues better: https://en.wikipedia.org/wiki/List_of_telephone_switches

Expats and immigrants, as long as we do it it's okay. Only possible when you lack self awareness and therefore can live with cognitive dissonance.

American cheap exports?

Government subsidised corn syrup in everything.

> Their cheap exports: sinister pump and dump

Hang on, are you just talking about American on both sides of the pros and cons

They have capital controls. Good luck moving yuan instead of Labubus.