U.S. President Joe Biden’s sweeping tariff hikes on a range of Chinese imports are just the latest U.S. moves in a yearslong campaign that is rewiring Asian trade routes, figures in the past few days show.
Taiwan’s booming exports to the U.S. are just one example of the way great-power tensions have already reshaped supply chains — and how China is getting left out of some of them.
The island’s sales to U.S. markets climbed more than 80% in April from a year earlier, hitting a record high, according to data released Friday.