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29 November 2018 Escalating trade rhetoric likely to expand US-China disputes Over the past six months, the Trump Administration has engaged in increasingly aggressive rhetoric and trade practice, particularly with respect to China. These actions include tariffs, a recent speech by Vice President Pence, a White House report on military supply chains and provisions directed at China in the United States-Mexico-Canada Trade Agreement (USMCA). These developments in the Trump Administration’s China policy are likely to extend the trade dispute with China well past the foreseeable future and expand the discord significantly beyond trade. In response to these developments, businesses should consider long-term strategies to reduce the negative impacts of this political and economic conflict. Document ID: 2018-6377 |
