Tariffs, Litigation, and the Art of Negotiation

Knowledge at Wharton

Episode Description

ABOUT THE EPISODE Wharton Professor of Legal Studies & Business Ethics and Management G. Richard Shell discusses negotiation strategies in the context of U.S. tariffs. Shell explains how President Trump's negotiation tactics rely heavily on leverage, cost imposition, and perception management rather than traditional relationship-based methods. The conversation highlights the contrast between transactional and collaborative negotiation styles in business and politics.

#Tariffs #Negotiation #TradePolicy #TradeWar ----- The Wharton School of the University of Pennsylvania is committed to sharing its intellectual capital through Knowledge at Wharton, the school’s online business analysis journal.

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Brief Summary

Richard Shell discusses negotiation tactics and Trump's approach to tariffs and leverage.

Key points

  • The Art of Negotiation. Negotiation is a crucial skill for success in business, often hinging on leverage.
  • Trump's Tactics. Trump employs tariffs as a tactic to impose costs on counterparts, shifting negotiation dynamics.
  • Transactional Negotiation Style. Trump's negotiation style prioritizes transactions over relationships, affecting long-term trust.

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