I would go even further than that and point out that the US still makes plenty of cheap or just "normal" priced, non-artisan items! You'll actually have a hard time finding grocery store Consumer Packaged Goods (CPG) made outside of the US and Canada - things like dish soap, laundry detergent, paper products, shampoo, and a whole lot of food.

I randomly thought of paint companies as another example, with Sherwin-Williams and PPG having US plants.

The US is still the #2 manufacturer in the world, it's just a little less obvious in a lot of consumer-visible categories.