Question

What is an example of two economic trends and two regulatory changes that have happened in business currently

Answer 1

Example of two economic trends- The Trump administration is taking protectionist measures to bring partners to the negotiating table in a break from diplomatic persuasion under the aegis of the WTO. The Trump administration is likely to continue to seek somewhat more favorable terms for US interests when it comes to negotiating bilateral free trade agreements with the EU, the UK and Japan next year.

Across the Pacific, China will redouble its efforts to exert its economic influence around the world. Its Belt and Road initiative is a multi-trillion dollar investment and infrastructure project across Asia, Africa and Eastern Europe. It has all the features of diplomacy with "Chinese characteristics" such as state-run projects and exporting to developing countries Chinese manufacturing and other norms. China is also working towards a trade alliance between Asia and the Pacific (RCEP).

Regulatory changes- A series of retaliatory measures targeting U.S. exports were announced in kind after the Trump administration announced a spate of tariffs on trading partners including close U.S. allies such as Canada and member states of the European Union. Tariffs can have a huge impact on economies around the world, including influencing companies in sectors that have not been targeted directly. Learning how rising trade-policy uncertainties will affect your small business is important, as the market will change as a result, shifting overheads and price points almost everywhere.

Federal tax policy reform, which passed narrowly in both chambers of Congress last year, has enormous implications for companies of all sizes. Not only does the law revamp the U.S. tax code, but many states could potentially change their regulations to make federal policy more compliant. While many have rushed to judge either for or against the legislation, the tax code is labyrinthine in nature, and the full effects will not be recognized until implementation is well under way. As the new policy takes effect, entrepreneurs should monitor developments and consult with professionals about new opportunities or strategies to pursue.