Chinese exporters brace for 'rat race' in shift away from US

The trade war between Washington and Beijing, which escalated this month with U.S. President Donald Trump imposing additional 10% tariffs on Chinese goods as an "opening salvo," could deal a new supply shock to the rest of the world.Chinese producers, facing weak demand at home and harsher conditions in the United States, where they sell more than $400 billion worth of goods annually, have no