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What is a Global Value Chain (GVC)? Before examining tariff impacts, it is helpful to clarify what a GVC is: production today is seldom monochrome. A finished product (say, a smartphone or a textile garment) may involve: Raw…
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Why tariffs are so critical to electronics Supply chains globally: A single smartphone has pieces from 30+ countries (chips from Taiwan, screen from South Korea, sensors from Japan, assembly in China, software from the U.S.). Tariff on any…