That’s what happened with automobile parts. There are a number of other industries where it has been commonsense to relocate the greater part of the operation to the point of sale ~ abroad!
It only makes sense as long as these US trans-nationals are able to take their free US market access for granted.
I have a standing prediction that someday the common practice will be: produce it where you plan to sell it, either in a large nation, or in an area that will serve smaller several small nations.
Nothing else makes sense, and this chasing the cheapest labor and most lax regulations is a practice that will be ended at some point. It will be ended politically in the US, and there are already rumblings from some quarters that sang different tunes not so long ago.
The US with a population of 300+ million, cannot continue to export and outsource all possible jobs to nations with populations that total about 3 billion. Those numbers alone will eventually force the US to end these practices because it cannot possible create new jobs to replace all the jobs that can be sent to cheap labor nations, a practice that will continue our high unemployment and diminished living standards for many citizens, as well as higher and higher government spending on support programs for low wage earners and the chronically unemployed.