If Trump Abandons the TPP, China Will Be the Biggest Winner
— December 12, 2016
By Pankaj Ghemawat
It’s significant that Trump did not, in his first post-election video address, mention his proposals from the campaign to declare China a currency manipulator or to slap punitive tariffs on Chinese imports. Such steps may, of course, still be on their way. And if they are taken, they may yet provoke a meltdown of globalization. In the words of Xi Jinping at his steeliest, there is no alternative to cooperation. If the U.S. did try to “punish” China on trade, the Chinese could retaliate in kind against the likes of Boeing or Apple — or even dump U.S. governmental debt.
Read the full article in Harvard Business Review
Pankaj Ghemawat is a Global Professor of Management and Strategy and Director of the Center for the Globalization of Education and Management.