It was brilliant. Much shorter version:
-- Labor costs are rising in PRC, but only on coasts, and still are low. US companies were going inland in China, not elsewhere in Asia or back to the US.
-- TPP never discussed in boardrooms. I just never heard it mentioned except in the press. Tariffs were discussed immediately...meetings were called to discuss them. Global companies in both US and China immediately started shifting products which were sold in the US, to be made in the US.
-- China is 1st in world in infrastructure spending as a percentage of GDP. No one compares. This is a huge factor in why companies go there. This consideration overwhelms many other considerations
-- China gives amazing tax advantages to tech companies that agree to transfer patents to China companies, that make products covered by patents in China, and that develop innovation in China. This also is an important consideration that trumps the rising labor costs for tech companies.
-- Supply chain diversity can be found in China. SK and Japan corps are going elsewhere for the same geopolitical reasons I'm raising, and US companies sometimes follow them to supply them, but US and EU companies are much more likely to naively trust the leaders of China out of a vague sense that we are all the same. We aren't all the same. There is diversity in ethics just as there is diversity of language and skin color. Globalism was popular for many years, but even some liberals are starting to recognize that globalism has harmed the US worker.