Rhetoric between China and the U.S. is worsening. The Chinese government has threatened to put an “unreliable entities list” in place to target companies that “fail to comply with market rules, deviate from the spirit of the contract” and other criteria. The list may be deployed against U.S. companies as part of a restart of the trade war between the two countries. Services, rather than goods, are more likely to be targeted and may include logistics firms. Most U.S. logistics firms don’t split revenues by country, leaving China as a proportion of U.S. sea...