Trump Trade War: How Tariffs Reshaped U.S. Business and Global Trade

Supply Chains Realign as China Loses ShareThe tariffs that were imposed have transformed global supply chains. The share of U.S. supplier volume from China, Hong Kong, and Korea has dropped from 90% to 50% over the past decade. This shift began during the first wave of tariffs in 2018 and has continued to accelerate since then.Moreover, Vietnam, Indonesia, Thailand, and India have emerged as the biggest winners. These countries now manage a growing share of U.S.-bound production. According to Wells Fargo, s ...