US-China tensions have been rising since the Trump presidency imposed sanctions on Chinese goods in 2018, and are now at a fever-pitch. GlobalData report argues that the dominant force affecting the sector today is the trade war, with impacts reaching far beyond just the two countries. As globalisation accelerated in the post-Cold-War period, offshoring led to Western companies moving much of their manufacturing and customer service work abroad to nations like China and India where wages were lower.