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I doubt that will happen. It costs real money to produce quality tools. China will up their game just enough to capture a fair share of the casual user market, which doesn’t hurt SnapOn or Cornwall type mfgs.
Correct, quality made in China isn't cheap at all. Just i guess 20% less then our products.
There are several German companys that brought their production back to Germany because China is no longer a cheap country for higher priced products.