The article alludes to, but doesn't expand on, the US's lost lead in furniture manufacturing. For more on this fascinating story, I recommend Beth Macy's "Factory Man" [0], the story of the systematic destruction of the North Carolina and Virginia-based wooden furniture industry by Chinese imports.
It's the exact same playbook as Huawei -- govt-backed "dumping" of loss-priced goods in an attempt for total market dominance. And US companies have historically been way too willing to expose trade secrets to Chinese manufacturers in exchange for temporarily cheaper supplies -- a Faustian bargain.
It's the exact same playbook as Huawei -- govt-backed "dumping" of loss-priced goods in an attempt for total market dominance. And US companies have historically been way too willing to expose trade secrets to Chinese manufacturers in exchange for temporarily cheaper supplies -- a Faustian bargain.
[0] https://www.amazon.com/Factory-Man-Furniture-Offshoring-Amer...