Note Bene Episode 1: How Multinational Companies are Affected by the Current Trade Wars with World Economic Forum Member Scott Maberry
There’s a lot of talk about trade wars lately so in our first episode of Nota Bene, we wanted to explore the current state of US trade policy including our trade wars with China and the European Union. We also explore the history of trade in the United States since World War II, what the Trump trade agenda entails, and what multinational companies doing business abroad need to know to navigate the current trade environment.
We’re joined by Scott Maberry. Scott is an International Trade partner in the firm's Washington, D.C. office and a member of the World Economic Forum. Scott counsels clients and litigates disputes in the areas of export controls, the Foreign Corrupt Practices Act (FCPA), anti-terrorism, economic sanctions, anti-boycott controls, anti-money laundering (AML), the Foreign Agents Registration Act (FARA), trade remedies including antidumping and countervailing duty (AD/CVD) matters, and Customs.
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What You’ll Learn in This Episode:
What is a trade war?
Why are tariffs and how are they used as trade barriers?
How World War II was an important marker in history with regard to US trade policy
Are trade barriers good for the US economy in the long run or is it merely a short-term gain?
How laws and regulations are the chosen weapons used by nations to fight trade wars
What’s going on with the import duties placed on goods from China?
The European Union, despite historically being a US ally, is now engaged in a trade war with the United States.
What are trade blocks and why are they important when it comes to trade?
How the US all but erased the ink off the Trans-Pacific Partnership
Why and how multi-nationals with customers or supply chain outside of the US are greatly affected by the trade wars
How tariffs in one country lead to retaliatory tariffs in another country and ultimately, no one wins in trade conflicts.
The economic benefits of reduced tariffs
What is the Trump trade agenda?
Is it a good strategy for our economy?
What is the scope of the current trade wars with China and the EU?
What members of the C-Suite should be thinking about right now knowing all of this information about the current trade wars
Resources Mentioned:
Office of the United State Trade Representative