Paul Krugman notes:
“…even countries that run huge trade surpluses, like Germany, have seen big declines in manufacturing as a share of employment. Trade just isn’t the main story. What’s happening instead is that as overall spending grows, an increasing share goes to services, not goods. Consumption of manufactured goods keeps rising, but technological progress lets us produce those goods with ever fewer workers; so the economy shifts toward services.”
Related:
Foreign Car Brands versus American Car Brands
www.bloomberg.com/opinion/articles/2018-11-29/chevrolet-sedans-suffer-while-toyota-and-honda-hang-on