Published: May 25, 2026, 13:46 IST | Updated: May 25, 2026, 13:46 IST
The escalating tariff war is reshaping global trade flows, with the United States and China witnessing a sharp $49 billion drop in trade within a single quarter. Supply chains are rapidly shifting as companies look beyond China, turning countries like Vietnam and Mexico into major manufacturing alternatives. Even semiconductor giant TSMC is now being viewed as a key macroeconomic indicator of global industrial realignment.