Global Trade Flows Shift to Avoid Highest US Tariffs Since 1930s

Canada is importing more cars from Mexico than from the US. China has snubbed American soybean farmers at harvest time and is buying from South American growers instead. India and China are resuming direct flights between the two countries and trading rare earths, ending years of frozen relations.

Illustration: Raven Jiang for Bloomberg Businessweek

The new contours of global commerce are starting to emerge as governments redraw trade alliances and companies seek other markets to avoid the highest US tariffs since the 1930s.

Smaller economies are also adapting to a world where US consumers and companies are costlier to reach. Peru is seeking buyers in ...