The U.S.-China trade dispute is only just starting to bite. U.S-based manufacturers and tech firms, including HP, Dell, Microsoft and Apple are reportedly planning to shift hefty chunks of their production out of China. Meanwhile, the United States is intensifying its trade fight with the European Union over aircraft subsidies, proposing new tariffs on EU goods worth $4 billion.
Recent discussions with political representatives and trade officials from several countries have reinforced the suspicion that this could, in fact, be the new normal.
