I don't see why non-US companies should "vote with their wallet" by over-spending so that they can have a US supply chain instead of a Chinese supply chain. They're both foreign, outside their control and vulnerable to political stunts.
They are different political stunts though. If your supply chain is vulnerable to politics then you want options so that any one stunt cannot hurt you.
Also, while there are political stunts, my current reading is the US stunts are more temporary and the next president won't continue them. While China's are likely longer term - there is a reasonably possibly China will attack Taiwan and Europe will join with the US and defending. Only time will tell, but that is my read on the situation.
Or, frankly, the way in which the rotation between the Democrats and the republicans works and is critical to the overall direction the US is heading and has been heading since the 80s.
Indeed, the current White House occupant is much louder and more annoyingly abrasive with some bizarre one-off impulses vs the usual occupants, but it's now clear that over the last ~30 years, career politicians, corporate vested interests, lobbyists and the administrative state have increasingly subverted the two-party duopoly into pure political theater.
It's a little sad that Trump is such a divisive train-wreck spectacle that many haven't noticed that Clinton, Obama and Biden were achieving many of the same outcomes as Bush/Trump, just more smoothly and with more appealing rationalizations.
The best thing about Trump is that he's such an obvious self-interested kleptocrat and he doesn't even care to hide it (in fact, he seems to enjoy flaunting it). But is it really that much better to be sold out by a more likeable persona who seems like part of our tribe and has the skills to mask the long con more deftly? I guess maybe at least then we won't notice as much or feel as bad about the same outcome?
I think their point is that non-US regions should set up their own non-China supply chain.
And here in Europe we're busy divesting from both. The priority for now is getting rid of the US simply because of the erratic President but if you read between the lines, a lot of the plans also aim for getting rid of the dependence on China.
