The WTO statement of “made in the world” reflects the reality of the globalized production chain, like it or not, and trade war based on politically-driven positions will not change the situation. The biggest categories of US exports are commercial aircraft, automobiles, and food, for example, and no one can imagine that those products are, or can be, made completely in America. Take Boeing as an example. A lot of major components are made in factories located in Tianjin, Chengdu, Xi’an and Shenyang, and exported to Boeing, who assembles them into airliners that Boeing will sell to the rest of the world, including China. A trade war will change the … Continue reading Li Yong