Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Surviving a Trade War in the Age of Trump and Brexit

Stock-Markets / Protectionism Aug 20, 2018 - 05:50 PM GMT

By: Boris_Dzhingarov

Stock-Markets

President Donald Trump keeps surprising the world about this policies. The stance that the US took for years is now changing under his administration. Countries that used to be allies of the United States are now seemingly considered enemies. He has launched trade wars against Canada, China, and even the EU.

Brexit is another problem that has a global impact. There is no final decision yet on how Brexit will happen, and what terms the EU and the UK will agree. These significant global changes have impacted a lot of business owners, especially those who are just starting out.


There are several reasons for you to be worried about these trade wars. Exporting and importing goods is now costlier. Can small businesses in the UK survive these trade wars? If you are a small business owner, and you are also worried, here are some tips to help you survive.

Communicate the changes to your customers

Given the cost of the supplies and other raw materials, you have no choice but to increase the value of the products you sell. Let your customers know about it, along with the reasons behind the increase. Avoid implementing the increase at once since this will come to them as a huge surprise. Try your best to also help them out by avoiding excessive increases.

Be careful when getting a loan

To sustain your business, you might need a loan. The terms and conditions might not be favourable anymore given the economic conditions. If you need a loan, try your best to research more options. Find out which bank or lending firm can help you achieve your goal, without making it difficult for you to repay. Don't choose a firm because of its low interest rates. Consider the financing scheme too. You could end up getting overburdened.

Try exploring other markets

If you can no longer sustain your business because the raw materials used for production are getting expensive, look for different markets. There could be more products and services that match your interest and the demand of the market that are worth exploring. You might expand to other markets until you are ready to let go of the previous product you sell.

Focus on advertising

Even in the most trying times, people might still need the products you sell. Make sure that you constantly remind them of the quality of what you offer. Even if they are financially struggling, they will still buy your products. They will be willing to spend provided they are getting something of excellent quality.

Focus on other advertising techniques. You might miss out on specific demographics if you ignore these traditional advertising strategies. Reach out to new markets. There are potential buyers out there. You need to find them and convince them to choose you.

Therefore, even when you are already having a difficult time due to the global economic turmoil, you should still fight on. There are ways to survive the trade war and emerge as the winner.

By Boris Dzhingarov

© 2018 Copyright Boris Dzhingarov - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in