A number of economic forces are starting to favor the manufacturing of certain goods in the United States. China’s low-cost advantage is quickly shrinking in several industries, including appliances and electrical equipment, computers and electronics, fabricated metal products, furniture, machinery, plastic and rubber products, and transportation goods.
According to the Boston Consulting Group Inc. (BCG), production of 10 percent to 30 percent of U.S. imports from China in these industries, which account for approximately 70 percent of goods that the U.S. imports from that nation, could shift to the United States before the end of the decade.