The US is now off-shoring ownership of domestic production.
This would explain some of the USD strength, $20tn flowing into the country in the last 21 months. Who has been selling to the foreigners, and where have they been putting the $20tn they have received? Is this why the SM is showing so much resilience in the face of so many strong headwinds?
And what happens after say, just hypothetically, an Indian company buys an American producer. Could that brand value and technology end up being used to produce stuff in India, or other even lower cost countries, that otherwise could have been produced in the US of A and exported?
https://www.drive.com.au/news/range-rover-and-sport-to-be-built-outside-uk/ (since 2011)