International relations and impact on businesses in 2019
From US-China trade tensions to Brexit woes in Europe, 2019 is likely to be a roller coaster for geopolitics. As much as a government can help businesses reach their full potential with various reforms, its relations with other countries can significantly hamper operations.
Taking the example of US-China trade war, US President Donald Trump in March 2018 had said that, “Trade wars are good, easy to win,” but a year down the line, US businesses operating in China don’t seem to share the view. According to a survey, 60% of companies surveyed believe tariffs have harmed their operations.
And it is not just the trade war, we’ve seen big corporate giants move operations out of the United Kingdom, fearing the impact of Brexit as uncertainty rose after failed Parliamentary votes. Similarly, US sanctions on Iran impacted the global supply and prices of crude oil.
With more than 9 months remaining in 2019 and budding topics like Venezuelan political crisis, European Parliamentary elections, Canada-China tensions, we expect it to be an interesting year for geopolitics.
In this Live Discourse, we are tracking all the interesting happenings in geopolitical relations and its impact on businesses worldwide.