Another issue that international business people need to be aware of is public policy. This article above talks about diplomatic relationships between the US and China. China intends to sweet talk president Trump in order for favorable trade policies. The US plans to use tough negotiations to talk about issues regarding North Korea and China’s trade deals with the United States. As someone working in an international firm these discussions may have a huge impact on your business and career. It is important for international business people to stay up-to-date on policy changes and diplomatic relations with countries that they do business in.
Although this seems like a political issue, it will affect many corporations all over the world. This is why not only are politicians involved in these discussions, but also CEOs of very large multinational companies, like Boeing and DowDuPont. Large corporations can have more of a say in these discussions than political leaders because they control large sums of money in the economy. If a corporation doesn’t agree with a policy, they can use tactics to try to persuade politicians and leaders to change unfavorable legislation.
My opinion of this article is very complex because I understand both sides of the argument. China and the United States depend on one another as trade partners, but the US does not condone China’s relationship with North Korea. Having a trading partner who does not have the same political goals can create tensions between the two countries.This is an issue that needs to be worked out between the countries before any issues arise. Trump also wants to discuss the US's trade deficit with China. Although a trade deficit is not always an issue, there are reasons why companies may be concerned that the US is not doing enough to protect American firms.
It will be interesting to see how Trump's trip to China will play out. I look forward to reading more about their negotiations and agreements because they directly affect me in my future career. As a hopeful future international businesswoman, articles like these keep my informed with new policies and regulations and staying informed will help me succeed in the global corporate world.
