Friedberg states 112 million Chinese factory workers in purpose-built facilities make replacing China as production source very difficult.
“It's very hard to kind of replace China as a source of production for a lot of what we consume in this country. That's the reality.”
Friedberg says 112 million Chinese factory workers and purpose-built facilities make China hard to replace for U.S. production.
“Factories in China are purpose built. So they're built to make a thing, and then they gotta get retooled if you wanna make another thing.”