Just because the cheapest come from somewhere beyond the sea, doesn’t mean there aren’t local equivalents. I just bought missing motorcycle parts that are manufactured in Poland, and I do prefer German, Polish manufacture, because it’s inherently more reliable and doesn’t have the added guess-work for Chinese manufacturing. And yes, Europe does manufacture microchips, buttons, wires, and other components that (among many things) make new nuclear plants work.
I can agree that some materials are only available in specific regions, and so global-ish shipping would never die (and doesn’t need to), but over-reliance is a long time debt that should go away.