Globalization of markets is confusing and difficult to keep up with. What looks good on the surface frequently is not so once your company gets involved. We've imposed tariffs on Chinese furniture, and now on Chinese wood flooring, but it's not clear that these tariffs have any real impact in the short term, and they obviously don't in the long term. And our international trading partners are gaining leverage on us, as this quote from the wood flooring article reveals:
"But China, and other countries have taken a harder line on the U.S. as well. Many of the world’s emerging economies are getting bolder, and are taking their cases to the World Trade Organization more and more often. Unfortunately, the U.S. does not always fair well at the international trading body."Despite the inequities we struggle against globally (lower wages, government subsidization, etc.) we will have to depend less and less on political solutions and more on our own innovation. Which means we have to be on the cutting edge in technological investment and managerial innovation. It's a pretty big challenge, but anything that doesn't kill us will make us stronger, right?