Discussion Board 1 Read the following article and comment on how US companies should navigate the impact of the war in Ukraine as it pertains to their business. Companies Size Up Their Losses on Russian Operations (includes Cold War 2.0 video) . Read the following article and comment on how US companies should navigate the impact of the war in Ukraine as it pertains to their business. Companies Size Up Their Losses on Russian Operations (includes Cold War 2.0 video)

https://www.wsj.com/articles/companies-size-up-their-losses-on-russian-operations-11649928600?mod=series_rusukrainenato

2. Competition from foreign goods destroys American jobs. However, re-shoring production currently based in foreign countries back to the U.S. can lead to higher prices. Do you think American consumers will agree to pay these higher prices to help firms keep jobs in this country? What about you personally? To give you some food for thought on this issue, please read this Boston Globe essay. For this one I will upload Boston global essay.

3. In view of TikTok controversy, should the U.S. adopt more strict policy towards firms from unfriendly countries whose products or services are used by American consumers? See: TikTok troubles in the US. https://www.wsj.com/articles/a-tiktok-ban-may-be-just-the-beginning-3ff8f081?mod=Searchresults_pos7&page=1

Reply to this post below:

I assume U.S. consumers are rational actors when it comes to their purchasing decisions, especially during inflationary crises. Therefore, when deciding between two like products (one imported and one produced domestically), they tend to choose the lower priced item. I am the same way. Unless I ascribe a higher value to a particular domestically-produced item, I will choose the less expensive version. U.S. consumers like the buying power of a strong dollar. It affords them greater purchasing power when it comes to imported goods. However, a strong dollar also increases the cost of domestic production, making U.S. made products more costly. I dont think U.S. consumers will agree to pay materially more to keep jobs in the U.S. However, the Biden Administration is using government incentives to offset the higher cost of domestic production of certain qualifying products. I am interested to hear others thoughts on this approach.

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