Here in the UK, we have the same problem.
UK/European/US welding machines are expensive.
Chinese are cheap, and have a bad rep. We used to laugh at Japanese and German goods post WW2, but we (UK/US) rested on our laurels while Japan and Germany got their acts together. Now, UK/US manufacturing is on its ass, and I have two VW's and a house full of Japanese electronic goods.
We are also finding that many of our consumables are Chinese (not good quality, but they'll up their game, and join the Japanese and Germans for quality)
What will we do then? We simply didn't support our domestic industries either side of the pond, and our domestic industries suffered as a consequence of both that and complacency.
I live in what used to be a shoe manufacturing area, but few local people bought English shoes, even at factory shops with discounts, now the manufacturers have gone to the wall, or to China, and the skills have gone.
Where will it end?
Well said Bob,