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Opinion

The high price of breaking up global supply chains

Consumers will suffer as US-China trade war strains production, markets and regulation fragment

| China

The news that Apple is asking suppliers to evaluate diversifying their production capacity out of China signals a major shift in how we will be thinking about the globalization of manufacturing in the years ahead.

It heralds the end of a three-decade period during which the opening of major new markets and reduction of tariff and non-tariff barriers fueled unprecedented growth in traded goods and services.

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