Cutting China off from the U.S. would cost America hundreds of billions of dollars, report says

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: BEIJING — The U.S. economy could lose more than $1 trillion worth of production and long-term global competitiveness if the White House pursues a sharp separation with China, according to a report released Wednesday by the U.S. Chamber of Commerce and Rhodium Group.

Source: CNBC.com – video report

Date: Feb 18, 2021

Link: https://www.cnbc.com/2021/02/18/us-china-decoupling-would-cost-america-hundreds-of-billions-of-dollars.html

Questions for discussion:

  • What does the report say about the global business ties with China and the costs associated with any reductions?
  • Do you believe there will be an “adjustment” to trade with China and investing in firms tied to Chinese production?

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