Compared to its trading partners, America looks more vibrant and better equipped to weather any trade storms. For instance, exports account for just 11% of the U.S. GDP, but almost 50% of Germany’s GDP. While China vacuumed factory jobs in the 1990s, thanks to its massive low-cost labor force, executives across the U.S. are finding that the country’s harsh regime and rising wages have sullied the “Made in China” brand. At the same time, America’s vast energy resources and innovation centers in Silicon Valley; Austin, Texas; and Raleigh-Durham, N.C. are reinvigorating the “Made in the USA” label.
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