China-U.S. Trade War Wreaking Havoc on Global Value Chains, Supply Chains
By The Rising Nepal
13 Jan, 2021
The trade war between China and the United States not only increases the cost of bilateral trade in the short term, but also affects the production decision layout of multinational companies worldwide, greatly increases the cost of intermediate goods and industrial chain, speeds up the return and transfer of some industrial chain, and thus leads to the restructuring of the global value chain, industrial chain and supply chain.