This well written article about Europes efforts to push back the ever growing importance of China in its economy makes some great points.
Aside from the price advantage we will probably see more and more another reason for Made in China becoming even more predominant:
More and more things can only be made in China: This youtube video about cellphone battery production might be elucidating in this respect. The company shown is on the smaller side. Nevertheless its automatic integration is close to perfect. It takes years to develop and build the machinery to make batteries on this quality level. There are many similar assembly lines in the world. They all compete with each other. In order to remain profitable they have to be optimized on a constant basis. Year after year.
Many battery production lines are in China. Probably none are in the US or Europe. To start making batteries now in a different country will be very hard. It is not that we could just steal the plans from the Chinese.