WASHINGTON -- U.S. and Japanese companies are scrambling to overhaul their supply chains that include Chinese production in order to deal with the escalating trade war between Washington and Beijing as both announce more tariffs on each other's goods.
The U.S.-China conflict is entering dangerous waters, the head of a U.S. industry association said in an email to member companies on May 10 after the U.S. raised some existing tariffs from 10% to 25%. The email also encouraged companies to dig in for a lengthy fight that might include customs and approval delays.
