Since the great recession of 2008, an era of deglobalization in terms of the flow of immigrants, money, and trade across borders has started. Trade has risen steadily for about more than 50% until the shock of the 2008 downturn turned many countries inward since the 1970s. As they start erecting new tariffs and NTB’s by the hundreds, global trade has fallen back, and the general consensus is that the whole world is worse off as a result. But as trade flows fell, they also began to shift. China’s share of global manufacturing exports peaked at more than 17% in 2014 and began to fall, particularly in cheap, labor-intensive sectors like apparel. China’s loss has benefitted those nations with the most advantageous labor and regulatory conditions, unfortunately, does not benefit much to India. But, a conducive policy environment could materialize this deglobalization era for India’s job-led manufacturing sector. This paper aims at analyzing the shifts of supply chains of global to other Asian nations and the opportunities for India amid burgeoning trade differences between two economic giants i.e. U.S. and China.