Is this how we came up with the "magical" tariffs formula? Look at some data, interpret it in a random way and off we go?
You don't say that [1] shows the average growth was 6.56% in China vs 9.28% in Vietnam [3] vs 10.33% in Bangladesh. So then relatively, it's not exactly "growing" is it?
If China was still explicitly growing manufacturing the numbers would be much higher. Is it actually focused on manufacturing or are there other triggers? E.g. US banned Huawei, so they had to go back home and manufacture. E.g. US is banning AI and other exports so China has to make their own. I'd say US is increasing China's manufacturing rather than China!
[3] https://tradingeconomics.com/vietnam/manufacturing-productio...
[4] https://tradingeconomics.com/bangladesh/manufacturing-produc...
[5] https://worldpopulationreview.com/country-rankings/manufactu...
> Hell, you've got a naval empire (the United States) that is currently unable to come even close to the Chinese ship-building capabilities > Sooner or later the US was going to have to deal with this fact
Why? Does the UK need to deal with this "fact" too then? The US has a naval empire that the UK is no where close to in capabilities. Based on your logic, the EU would have to band together to revive the British empire and deal with the US?
I wouldn't want this. The US wouldn't want this either. So what fact is the issue?