Title: 3 key issues affecting global trade right now - Trade Ready
Headings: 3 key issues affecting global trade right now
3 key issues affecting global trade right now
22/08/2019
1. Rising tariffs
2. Intellectual property theft and counterfeiting
3. Governments confiscating shipments
There’s still lots of hope for the future of trade, despite current tensions
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Author:
Bennett O'Brien
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Content: 3 key issues affecting global trade right now - Trade Ready
3 key issues affecting global trade right now
22/08/2019
By: Bennett O'Brien
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Despite the fact that international trade is more streamlined and interconnected than ever before, there are still a number of issues prevalent in the industry right now. These issues are creating problems and making things more difficult for supply chains around the world to function at optimal levels. Here is a look at three of the most important issues that are affecting global trade right now. 1. Rising tariffs
As the world’s largest economy, the United States has a lot of economic power and influence. However, under President Trump, the United States has decided to engage in a series of trade wars, using tariffs as its main weapon. Throughout his campaign, Donald Trump repeatedly stated that he believed that the United States was suffering from a series of bad trade deals and currency manipulation tactics from nations such as China. Once he got into office, President Trump started imposing a number of different tariffs on imported goods and justified them as an attempt to make trade conditions more favorable for the United States. In the past two years, Trump has put 10-25 % tariffs on hundreds of billions of dollars’ worth of Chinese goods.