Identify one explosive change in the world that affected business in the past 12 months. What is the likely impact on future business activities? ...[Show More]
4 years ago
One of a significant change that is affecting the global business is the U.S-China trade wars (Liu & Woo, 2018). The two countries have been imposing tariffs on the imports from each nation, with the biggest loser being America. President Trump has been arguing that China is practicing unfair trade tactics against the U.S and other global states. The U.S trade deficit to the Asian country is already growing. Moreover, the Dollar is weakening, as there is a drop in its demand. Since most world countries us the U.S Dollar for trading, its devaluation because of low demand means that most global businesses will suffer.
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