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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
The impact of tariffs on business and law firms
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<blockquote data-quote="Jaysen" data-source="post: 2074" data-attributes="member: 1"><p>1. Difficult to say, but I'm inclined to agree with you. Trade between US and China has definitely dropped, but I don't know China's current trade figures. There are also other factors to consider -- China's capital controls, slowing growth etc., which make it difficult to determine the impact of the trade war.</p><p></p><p>You might find these useful: <a href="https://www.forbes.com/sites/kenrapoza/2018/09/11/trade-war-update-china-trade-unfazed-by-trump-tariffs/#48d02b446a6b" target="_blank">https://www.forbes.com/sites/kenrapoza/2018/09/11/trade-war-update-china-trade-unfazed-by-trump-tariffs/#48d02b446a6b</a></p><p><a href="https://www.ft.com/content/aa1c98f2-3c3c-11e8-b7e0-52972418fec4" target="_blank">https://www.ft.com/content/aa1c98f2-3c3c-11e8-b7e0-52972418fec4</a></p><p></p><p>2. You are right: the big impact is on Chinese businesses who trade with the US. They will rely on lawyers to advise them on the impact of US trade restrictions/consider how they can mitigate any risks in their contracts. You can also consider the wider impact: What is the cost of an international business investing in an alternative trade route? What are the risks of trading in a new region? What is the affect of global uncertainty on international trade.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 2074, member: 1"] 1. Difficult to say, but I'm inclined to agree with you. Trade between US and China has definitely dropped, but I don't know China's current trade figures. There are also other factors to consider -- China's capital controls, slowing growth etc., which make it difficult to determine the impact of the trade war. You might find these useful: [URL]https://www.forbes.com/sites/kenrapoza/2018/09/11/trade-war-update-china-trade-unfazed-by-trump-tariffs/#48d02b446a6b[/URL] [URL]https://www.ft.com/content/aa1c98f2-3c3c-11e8-b7e0-52972418fec4[/URL] 2. You are right: the big impact is on Chinese businesses who trade with the US. They will rely on lawyers to advise them on the impact of US trade restrictions/consider how they can mitigate any risks in their contracts. You can also consider the wider impact: What is the cost of an international business investing in an alternative trade route? What are the risks of trading in a new region? What is the affect of global uncertainty on international trade. [/QUOTE]
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The impact of tariffs on business and law firms
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