This strain is forcing high energy costs on European companies which in turn will inevitably affect imports from Europe and the companies buying them as prices soar to accommodate energy costs. What could this mean for business owners enmeshed in globalization? Well, if you’re importing from Europe or doing business with anyone in the EU, expect higher trade prices as European companies are attempting to offset the cost of rising energy, especially if Russia puts embargos on their oil.
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We now have cause to give great consideration in business-building to crafting companies that not only have use in the world during and after COVID, but how those businesses will employ and utilize a human, and machine workforce going forward. Though the pandemic is only rumored to continue into the Fall of 2021 - the impact of the economic shift it has created will ripple far into the future and we must individually prepare for it.
Businesses must start to consider now - roles and opportunities outside of manufacturing as many of these roles will be filled by computers in the coming years. Educational institutions now teaching remotely will need alternative ways to generate a useful workforce now that physical tasks and labor are effectively being reassigned…
The U.S. Ambassador to India - Harsh Shringla - released just yesterday (January 8, 2020) that the United States and India are in talks about an exclusive trade agreement. The agreement would grant business owners of both nations preferential market access. Shringla, the now-former ambassador is set to take on his role as India's next foreign secretary later on this month.
His comments state that there has been success in bridging the gap during the latest trade talks for new trade packages. The current conversations are setting a stage for a much bigger bilateral trade agreement.
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The impeachment process for Donald J. Trump began on September 24th of 2019. Today - January 23rd - we’re just getting into the Trial portion of impeachment. Among the discoveries in American households when impeachment began was that it doesn’t *actually* mean an automatic unseating of the president. In-fact, in the other rare circumstances of Presidential impeachment, the President has been acquitted.
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January 15th, the United States and China signed a Phase 1 Deal, but a lot of people are concerned about what it will mean for international traders in both countries. According to the National Law Review, the existing Tariffs for goods on List 4A would be reduced from 15% to a mere 7.5% by Valentine’s Day.
China, too, has imposed some tariffs - but there is no information thus far on exactly when this will happen - though it is said to be a necessity.
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