value chain: The wicked logic behind increasing tariffs is that they will force China's export manufacturing industries to move out of the country and cripple market competitiveness, according to Global Times China. Some American elites feel they can decouple China-US trade and economic relations with their country's advantageous technology and tariff policies. The real goal is to confine China's technological advancement and economic rise. Foreign trade is a method of product exchange across borders. Labor division takes on the shape of a global value chain as a country's exported products are not made by one single country. It is a process in which division of labor goes from domestic to international in an open system.
(news.financializer.com). As
reported in the news.
Tagged under value chain, product exchange topics.