‘Now’, Ep. 7: Harry G. Broadman on the Impact of the US-China Trade War on Global Leadership

The rising tide of President Trump’s trade warfare is not more central than in the U.S.-China relationship. With Harry G. Broadman we target the rising friction between these two economic giants. Is the Trump trade strategy – so focused on bilateral trade balances - likely to improve economic relations between the U.S. and China? Will it help prod China in fulfilling and adhering to its obligations under the World Trade Organization, to which it acceded in 2001? To dissect such questions and other matters coloring U.S.-China trade, we examine with Harry the evolution of China’s ‘socialist market economy’ and the growing power of China’s President Xi Jinping. Harry has long and deep connections with China and the economic ‘Rise of China’. Harry began working extensively throughout China in the early 1990s overseeing the World Bank’s state-owned-enterprise restructuring loan operations and its policy dialogue with the government’s leadership on trade, foreign investment, antitrust and corporate governance reform. Harry has worked on global finance, trade and investment for decades in more than 75 emerging markets spanning 5 continents. Among other posts, he worked in the White House, first as Chief of Staff of the President’s Council of Economic Advisors and, subsequently, as United States Assistant Trade Representative. In this latter position, he led the U.S. negotiations on international trade and investment across all services industries as part of the establishment of both NAFTA and the WTO. He also managed all negotiations of U.S. Bilateral Investment Treaties (BITs) with other sovereigns. He served on the Board of the Overseas Private Investment Corporation (OPIC) and was a member of the Committee on Foreign Investment in the U.S. (CFIUS). Harry has been Managing Director and a Member of the Investment Committee at Albright Capital Management, an emerging markets-focused private equity firm, and founded and led PwC’s Global Growth Strategy Management Consulting Practice. Today, Harry is CEO and Managing Partner of Proa Global Partners LLC, a cross-border transaction advisory firm. He is also a member of the Johns Hopkins faculty, an expert witness on trade and investment disputes, and writes monthly columns on global business for Forbes and Gulf News. His most recent book is: Africa’s Silk Road: China and India’s New Economic Frontier. Let’s join Harry and me in this podcast on the U.S.-China trade relationship.