“Liberation Day” as it was framed by President Trump, should have been expected given that Trump made it clear what he would do if elected and handed the American mandate, I guess the world was not convinced he would see it through!
The US hit China with immediate trade Tariffs on Chinese imports which China (rightly so in our opinion) responded too with similar trade Tariffs on US imports. Now facing 145% trade tariffs on key goods into a once lucrative market, China and other nations hit by heavy protectionist levies, now need to pivot into new trading agreements as well as assessing their own ability for internal consumption of goods produced.
This trade war has not been great for UK business and many have described the new economic scenario as the beginning of the end of the globalism. Maybe? Time will of course reveal the true outcome and in the meantime confidence remains low especially from the micro – SME business sector where business owners and investors tread very carefully. The overriding sentiment seems to be one of mega caution due to the fact as no-one knows when the economic missiles from both the US & China will cease.
No doubt the global world order of the last century is very much coming to a close and as we enter a new chapter the AI Align Agency team wanted to call out the new business opportunity that presents itself the UK, China & Commonwealth countries. Of course everyone in the West is still ready to trade with the US but they have made it clear it has to be on their terms only. So let’s explore a few immediate opportunities regardless of business sector!
The UK is well positioned to leverage its financial expertise and work closely with China particularly on green initiatives with a view to developing sustainable investment projects across the globe. With a strong heritage in Education the UK has a clear opportunity to expand its own educational institutions into China as well as continuing to tout for foreign students to come to the UK to study. Tourism, Technology and Pharmaceutical expansions and collaboration will drive the economic growth in both countries.
Agricultural trade expansion will help the UK capitalise on Chinese demand for high quality agricultural products potentially providing a much needed boost the UK exports. Whilst the possibilities are far from endless, there is clear scope for enhanced trading relationships at a state level which if progressed will open new opportunities for smaller companies to leverage their expertise. We predict a massive rise in the need for UGC content creators for Chinese companies that will help make Chinese brands reposition themselves as credible alternatives to now expensive US market leading goods.
Will politics hamstring small businesses from benefitting from this new exciting opportunity? We at AI Align Agency don’t think so, insofar as the “special relationship” between the US & UK which historically meant US policy was UK economic policy is no longer the status quo. Whilst the UK has only been hit with 10% tariffs on certain goods there is no safeguard against future increases other than forging new trade relations.
The UK has other options which include increased trade with Commonwealth economies such as Canada, India and Australia to mention a few and, of course there is the EU as well. Energy collaboration and resource exploration is our big shout leveraging expertise in renewables will help meet growing global demands. We also predict big opportunities cultural collaboration which will expound opportunities in Film, Music, Arts and Sport will all help boost economic growth and create opportunities for smaller businesses. We also wanted to make it clear that we see AI and technology opportunities baked into every sector which is why we have not called those opportunities out specifically. In the 21st century business landscape we view every company as a technology business!
Here at the AI Align Agency we have a strong history of facilitating global business and strategic alliances based upon our equitable and fairness framework of doing business we help organisations and individuals prosper. We wanted to utilise this short blog to encourage policy makers and business leaders to proactively seek collaborative opportunities that mitigate risks and foster better economic stability so that wealth and opportunity can be achieved by all.
To find out more about our business services as well as how we create incremental revenue opportunities for individuals contact our expert team for a relaxed on chat via support@aialignagency.com
