Economics
Trump Confronting China on Trade Risks Corporate Backlash
- Nobody sets the agenda unilaterally, says Senator John Cornyn
- U.S. companies have $228 billion-plus in investments at stake
What Trump's Trade War with China Would Look Like
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If U.S. President-elect Donald Trump delivers on campaign pledges to get tough with China on trade, lining up against him likely will be another powerful adversary: American multinational corporations.
These companies have more than $228 billion in China investments at stake in the event of a trade conflict between the world’s two biggest economies. Their track record of pushing back against Washington on trade indicates they’ll back their own interests -- and thus China -- if enmity erupts.