For those of who were around in that era and watched as the US auto industry and consumer electronics industry were devastated as their Japanese counterparts ran rings around them, Japan did eat America's lunch and with considerable gusto. Sony products were everywhere, as were Toyotas and Hondas.
Japan doesn't support your case. (Neither does China really.)
Isn't Toyota making cars in the U.S. now? Aren't iPhones proudly "designed in California"? The old factory jobs were doomed by technical change either way, so picking up the slack and looking for newly-opening opportunities (including in consumer tech) was an entirely sensible response on the U.S. side. But that requires fixing the dysfunctional K-12 public education system.
For those of who were around in that era and watched as the US auto industry and consumer electronics industry were devastated as their Japanese counterparts ran rings around them, Japan did eat America's lunch and with considerable gusto. Sony products were everywhere, as were Toyotas and Hondas.
Japan doesn't support your case. (Neither does China really.)