TOKYO -- With no end in sight to a yearlong Sino-American trade war that has dragged down each country's exports to the other by roughly $20 billion so far, U.S. and Chinese companies are realigning supply chains and setting the stage for potentially huge shifts in the global trade landscape.
The trade conflict began July 6 of last year, when the U.S. started the cycle with a 25% charge on 818 Chinese imports. This led to a chain of retaliations by China and further punitive tariffs imposed by the U.S. Although the two sides have resumed talks, they appear to be still far apart on key issues.
