1.) Explain the event (Use credible sources to explain what has taken place)

2.) Identify and discuss two examples of how companies international marketing strategies were/are impacted by this event.

3.) What can the company do to be better prepared to face such situations? (Depending on the event your answer could address what the company could do to meet the challenges or take advantage of the opportunity the situation may provide)

I need help with this topic thank you.

A quick guide to the US-China trade war fy Share 16 January 2020 des LOCANOORD 70 58 & Ot57 GETTY IMAGES The world's two largest economies have been locked in a bitter trade battle. The dispute has seen the US and China impose tariffs on hundreds of billions of dollars worth of one another's goods. US President Donald Trump has long accused China of unfair trading practices and intellectual property theft. In China, there is a perception that America is trying to curb its rise as a global economic power. The US-China trade war in charts US-China trade war: 'We're all paying for this' Negotiations are ongoing but have proven difficult. In January, the two sides signed a preliminary deal but some of the thorniest issues remain unresolved. Uncertainties around the trade war have hurt businesses and weighed on the global economy. Uncertainties around the trade war have hurt businesses and weighed on the global economy What tariffs have been imposed? Mr Trump's tariffs policy aims to encourage consumers to buy American products by making imported goods more expensive. The US has imposed tariffs on more than $360bn (268bn) of Chinese goods, and China has retaliated with tariffs on more than $110bn of US products. Washington delivered three rounds of tariffs in 2018, and a fourth one in September last year. The most recent round targeted Chinese imports, from meat to musical instruments, with a 15% duty. Beijing hit back with tariffs ranging from 5% to 25% on US goods. How the US-China trade war has escalated US tariffs China tariffs Jul 2018 $34bn $34bn Aug 2018 $16bn $16bn Sep 2018 $200bn at 10% $60bn at 10% May 2019 $200bn at 25% Jun 2019 $60bn at 25% Jun 2019 $60bn at 25% September 2019 - December 2019 The US and China have threatened to impose new tariffs and increase existing ones. Source: BBC research BBC What's next? Under the so-called "phase one" deal signed in January, China pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual property rules. Trump escalates trade war with fresh tariff hikes . US delays some tariffs on Chinese imports The US agreed to halve some of the new tariffs it had imposed on China. The White House said it will tackle additional issues in a second, "phase two" deal but analysts said they didn't expect anything concrete anytime soon