Trumping Tariffs: Will Blockchain Technology Revolutionize Global Trade?
On March 23, 2018, the White House imposed steep tariffs on steel and aluminum imports, triggering retaliation from China in the form of import duties on 128 U.S. products totaling $3 billion. The Trump Administration has also announced plans to slap tariffs on Chinese imports worth $50 billion for alleged violations of American-owned intellectual property. Is a potential trade war brewing? Trade has been historically shaped by policies and politics with significant shifts happening with newtechnology introduction. Technologies like Blockchain are positioned to rapidly change traditional manual trade processes and open trade networks at a rapid pace. Our invited speakers examine how modern trade wars would be impacted by Blockchain technologies and how companies can shape their strategies to navigate through the changes in the global economiclandscape. Specifically, the following issues will be addressed at the forum: Who are the winners andlosers of a potential U.S.-China trade war? What is the impact of imposed trade tariffs (or IP trade war) on Silicon Valley tech firms and startups? What will happen to the current and future Chinese investors intechnologies? What are some of the unintended consequences for both countries and the world if a trade war between U.S. and China materializes?