Many companies seek sourcing from China to save on first costs. Seems relatively straight forward, right? Not so fast. Sourcing from China is a complicated process, of which every single stage requires careful attention. Even the savviest of importers can run into trouble if they start getting lax about the...
So, here we are at the end of the series and back to the original questions: Will this trade war come to an end? Will we have tariffs on an additional $325 Bn? How long will this last? The difficulty about predicting the outcome of this kind of event is...
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...
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...