So, Trump and Xi Jinping are meeting in Osaka on Saturday, for 90 minutes. We are told they are good friends, there is hope. Many are waiting – with bated breath. Well I don’t believe it. The bit about them being good friends. How can you be good friends when...
Negotiation: “Bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.” (Business Dictionary) Negotiations are stage 2. The key, the only...
There are two stages to solving a trade dispute: Stage 1: Bringing your opponent to the table.Show that you have a case, that you are determined, that you will not flinch. Stage 2: Reaching an agreement. Finding common ground; showing respect and understanding; establishing trust and conveying reliability. Bullying is...
Before we launch into the respective positions of China and the USA, lets explore definitions: What’s a tariff? A tax on merchandise imported from other countries. A bargaining chip to negotiate a better trade deal Both of them are true, but note that a tax can be in place...
Armageddon: “the prophesied location of a gathering of armies for a battle during the end times… The term is also used in a generic sense to refer to any end of the world scenario” - Wikipedia If you let your imagination run wild, and you try to picture where this trade conflict could...
In January I made a prediction on what would happen in March, namely: “… it will get better, … the new 25% tariffs will not be imposed and … previous tariffs will be reduced over time.” Time for me to eat humble pie. Here we are in June, and after...
There are many tools importers use to ensure success with a supplier. One of these tools is the Product Specification Sheet (PSS). This document is used to specify the buyer’s requirements and to ensure that they are implemented at the factory level by making them an integral part of the...
China has been heavy in the media lately, mostly because of the US-China Trade War. However, a recent article from the Economist’s Schumpeter blog caught our eye. In the midst of all the news on tariffs, this article, Chinese Firms are not all serial intellectual-property thieves, actually highlights some of...
