The growth of manufacturing in China, Canada, Mexico, and the European community influence the type of manufacturing in the United States in that those above-mentioned nations have established optimal fabrication systems at low costs, specifically in the case of México, but mainly, China.
> In this case, China is the King of cheap labor. Low labor costs and low capital costs have made China the dominant competitor in the world.
> That is why there is a great rivalry between the United States and China, regarding trade.
> The major areas of emphasis for the United States should be in its capability of production at a more efficient cost, if the US wants to produce goods at a competitive price, compared to the ones to China and México,
> Indeed, the United States still has an opportunity, first, to compete, and then, to bend in these markets.
> But let's remember that through the year, many US companies have preferred to establish their factories abroad, instead of keeping them in the US continental territory.
> That is why the US has created trade blocks such as NAFTA.
> However, the country that did the most to exploit loopholes in the North American Free Trade Agreement (NAFTA) was China.
> Chinese exportations can be seen in practically every product in these three countries, especially, the United States.
> During Trump's administration, the Congresses of the three countries analyzed the new free agreement after the revisión of NAFTA.
> The new agreement is called the "USMCA” or United States-Mexico-Canada Agreement and was signed on September 30, 2018, and was ratified by the Congress of the three countries in the firsts months of 2019.
We can conclude that the US has the knowledge, infrastructure, and resources to elevate its competition level. However, there have always been political and economic interests that have hindered this transition.
You can learn more about this topic here:
https://brainly.com/question/12783864?referrer=searchResults
