Mastercard chair: ‘tremendous volatility' in U.S. relations with China has some considering ‘purposeful decoupling' [Fortune]
Mastercard Incorporated (MA)
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Source: Fortune
The re-elected incoming president Donald Trump campaigned on imposing high tariffs on China and all foreign entities—which economists have argued will have devastating consequences on domestic prices and trade relations. At Fortune 's Global Forum on Monday in New York City, Merit Janow, independent board chair at Mastercard and professor at Columbia University, weighed in on how these policies will impact U.S. businesses. Janow recalled bleak U.S.-China relations in the aftermath of the Tiananmen Square massacre in 1989, and how the countries' partnership entered a dark period. But then came eras of great cross-trade, where both countries flourished. “There are deep structural tensions between the U.S. and China. I think this mindset that we have in the United States, that they are our principal geopolitical competitor, is going to stay with us,” she says. “So the experiences of business will vary by the sector very significantly.” For the past 10 years, explained Janow, U.S.-Ch
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