In the short span of the 21st Century, the world’s top powers, the United States and China, have moved inexplicably toward a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a leading global third-party and supply chain management software company, explore issues diverse as a real danger, supply chain, exports, cyber-attacks, and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In Part III, we consider issues related to US exports to China and markets for US products if the China market is closed off to US companies.
The US-China conflict is intensifying, and as a result, businesses that export to China are feeling the strain. US companies exported nearly $149 billion worth of goods to China, but China still exports over $400 billion to the US. Do these trade deficits still matter? What happens when your biggest customer is no longer available? How do you go about finding new markets and reshoring customers? Join us as we explore this and other export issues in Part 3 of this special five-part series.
Key Highlights:
1. The importance of balancing the US-China economic relationship in light of the current crisis.
2. How does a business consider customer location an existential risk?
3. The potential for global economic rebalancing through collaboration between democracies.
Notable Quote
“We have to figure out how to make this a global market and ensure that this doesn’t just become some sort of nationalistic retrenchment.”
Resources
Tom Fox
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Other episodes in this Series:
Episode 1-From Potential Conflict to Real Danger