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...
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...
So, now that we have imagined a plausible end, it would be appropriate to understand more about the beginning. What started this trade dispute? Three main issues: A growing trade deficit: China sells a lot more goods to the USA than the USA sells to China. The trade deficit with...
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...
Price is not everything when sourcing from China, but it still is the most important reason why importers source from there. Importers come to us for a number of reasons, but the three most common requests are: Quality assurance, finding suppliers, and securing optimal pricing. Every importer is concerned with...
In the US, we celebrate the New Year on January 1st, with festivities on the eve of the new year. We all get together, throw parties, pour champagne, count down to midnight and take part in our own traditions. There are all kinds of traditionsthatmake us happy,bring good luck and...
China sourcing alone is a complex concept even before you get to logistics. Then you realize that there are so many moving parts to the logistics steps alone. According to an article we recently read in The Economist, giants like Amazon can now offer shipping products within an hour in...