Protectionists look at an iPhone and see the end of U.S. economic vitality and the emergence of Chinas economic dominance. In fact, the iPhone symbolizes a robust global economy largely anchored by the United States. Some dont recognize that because they are looking at the world as it used to be, instead of as it is today.
It used to be a world in which products were designed, developed, manufactured and assembled in one country, and exported to another. But in an era of cross-border supply chains, few products today are made from top to bottom in one country. Only about one-quarter…

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