Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Kissinger recently likened trade wars to the Cold War, anticipating long lasting warfare. While many are looking for a short-term resolution, ODU professor Shaomin Li is forecasting long term effects of the trade war on China. He notes surveys that indicate companies are either foregoing planned investments or considering moving operations to other countries, a shift he says had already started but accelerated due to the trade wars. Japanese and American firms are moving their operations to South Asia and Mexico, according to his study just published in the Chinese Leadership Monitor. Prior to tariffs, rising wages, a challenging political economy, and other factors were causing businesses to reconsider China; tariffs have just pushed them to act, and it’s these actions that will have long-lasting effect. To learn more, visit odu.edu/business. This Strome Business Minute is presented by th