The Weekly Report

Terms of Trade

Harvard Business School Professor Willy Shih talks about trade, tariffs, and how manufacturers can cope with the chaos in the upcoming issue of Enterprise Minnesota® magazine.

He gives a big-picture understanding of how today’s current trade environment is radically different from the past several decades. The root of the chaos is that companies have built complex supply chains and value-adding networks assuming there aren’t tariffs and trade barriers. “Now we’re going to put those barriers in. That’s a problem,” Shih says.