trade wars

What is a trade war? 

A trade war occurs when countries raise tariff’s (taxes) to trade with other countries. In the case of the US and China, we see the US imposing additional tariff’s on certain products so that it is more expensive for China to import goods into the US. 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

trade wars

Firstly, a quick history lesson. Globalisation has been on the increase since the 1980s, with a surge in global trade. However, over the past couple of years, certain geopolitical events are changing attitudes and the US has started to address what they see as imbalances. This is leading to a shift towards protectionism. In other words, a reversal of globalisation.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.