It’s not just US change, I think LLM’s probably weaken the rationale for Industrial Clusters in general, maybe with the exception of heavy industry where transport / shipping cost can be a significant issue and also extraction industries where location is determined by geology.

Things like finance, life sciences and software are suddenly freed from talent hubs. I don’t think this is obvious from outside boardrooms yet.

Also, embodied AI (robots) probably only a decade away and that’s the end of large pools of cheap labour as an economic engine. Robots are a real challenge for Chinese manufacturing.

Lots of things are going to move around / change in quite a big way. Many unique challenges for many countries.