Sample interview questions: How do you evaluate risks associated with changes in international trade policies, including tariffs, sanctions, or trade disputes?
Sample answer:
Evaluation of Risks Associated with International Trade Policy Changes
1. Analyze Economic Impacts:
- Assess potential impact of tariffs on production costs, consumer prices, and international competitiveness.
- Evaluate the effect of sanctions on trade flows, supply chains, and access to markets.
- Study historical data and economic models to forecast macroeconomic effects on growth, inflation, and employment.
2. Monitor Political Environment:
- Stay abreast of developments in trade negotiations and dispute resolution processes.
- Identify potential flashpoints for trade policy shifts, such as geopolitical events, economic conditions, or domestic political pressures.
- Engage with key stakeholders, including government officials, industry representatives, and international organizations.
3. Assess Impact on Corporate Operations:
- Review supply chains for potential vulnerabilities to disruptions caused by trade policy changes.
- Evaluate potential financial risks, such as currency fluctuations, exchange rate volatility, or reduced access to capital.
- Assess reputational risks associated with operating in markets affected by trade disputes or sanctions.
4. Impleme… Read full answer