We are having this same discussion in the mobile phone section.
We can't moan 100% at China since this is a problem somewhat of our making and they only give a damn about their own people. Remember how Japan and South Korea came from nowhere and dominated various industries? How did you think that happened. It was short termism with our companies - they palmed off making stuff to those countries,who eventually learnt how to do stuff themselves and then cut out the middle-man. We did the same with China. History is repeating itself.
This is a bigger problem - look at games. All the increasing prices,loot crates,etc are down to this obsession with short term margins. Games devs are still paid a pittance,so many studios are shut down,etc yet games publishers are having record profits year after year,yet their stock can still fall if it is not "record enough",and this is a real problem.
Remember,sub prime?? It was speculation on repackaged bad debts. The dot-com bubble,speculation on profits. The 1929 crash,speculation on profits and margins fuel by massive consumer debt.
Now,there is speculation on companies having to make rapid growth phase profit and margin increases which are more typical of small startups,instead of slower and steadier growth. This has lead to companies(even Apple) still making record profits and margins and still having their stock fall.
This is the bigger problem here - to keep margins and profits ever increasing at record levels,our lot cut longterm R and D,sit on developed tech,since its cheaper to use existing stuff,cut production costs by cutting jobs over here,and then jack up pricing leading to plenty of wiggle space for competitors to fill. This means our pace of innovation is slowed,and other countries can catch up. Its complacency which has lead to this,the same complacency which we had with Japan and South Korea. Now we take for granted their leadership in various areas. This wasn't always the case.
So even if we moved all production out of China,our lot will probably move it to India,Africa or somewhere else and in 10 to 20 years time,the same kind of discussions will happen.
The thing is it wouldn't matter so much for lower cost items,raw and processed materials,certain kinds of food,etc but when luxury and high priced items are built for a pittance instead of our countries and sold for a high price,its a joke.
In the case of Apple their fans have been going on for years on how much money they make and how much money they have tucked away - it just shows you how cheap the products are to make,and how much they are selling them for.
The other problem is our companies want to overprice their cheaply made products,then even if we reduce the amount of Chinese made products we buy,it won't matter as the rest of the world who is more price sensitive gets swamped by their products,made at similar cost but at lower margins.
Its a joke when lower margins means a £700 Chinese phone and a £1200 Apple/Samsung phone,neither of which were considered low price-points 10 years ago.