Trump has pledged to pull the U.S. out of the proposed Trans-Pacific Partnership, a momentous free-trade deal that would have made it easier for CEOs across 12 different countries—including Japan, Mexico and Canada—to exchange goods and services.
He has also threatened to slap large import tariffs on goods imported into the U.S. from countries such as China and Mexico, earning him a rebuke from business leaders including Ford CEO Mark Fields and Berkshire Hathaway CEO Warren Buffett.
The TPP doesn’t include China, which has separately been pursing a free-trade deal with Asian nations of its own, the Regional Comprehensive Economic Partnership, or RCEP. China’s plan doesn’t currently include South American nations, though Asia’s biggest economy is growing increasingly open to allowing other countries join the current 16-member bloc. Canada, meanwhile, has said it’s keeping its options open regarding future trade deals, while Australian officials have said they are considering the China-led RCEP.
Officials from various countries, including U.S. president Barack Obama, continued to back free trade in Peru over the weekend at a summit for the 21-country Asia-Pacific Economic Cooperation, or APEC, group.
“We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism, which weaken trade and slow down the progress and recovery of the international economy,” APEC said on Sunday following the summit.
Whether the TPP will still be ratified without U.S. participation remains to be seen. It’s also unclear whether Trump will completely pull out of negotiations, with some delegates speculating that he could perhaps back a watered-down version that offered more protection to U.S. workers and less environmental regulation.
“I believe that TPP is a plus for America’s economy, America’s workers, American jobs,” Obama told a press conference at the summit. “I think not moving forward would undermine our position across the region and our ability to shape the rules of global trade in a way that reflects our interests and our values.”
In the meantime, business leaders face a difficult period of uncertainty while they await details of Trump’s policy position.
“It is still unclear what Trump’s policies will be,” Honda CEO Takahiro Hachigo said at a briefing in Tokyo this morning. “We can’t suddenly make production changes and that is a problem not just for us but for all automakers in the U.S.”
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
