A recent story (https://www.bridgemi.com/economy/trump-pushes-tariffs-michigan-farmers-and-businesses-getting-clobbered) about international trade and Michigan companies included the following information:

In Big Rapids north of Grand Rapids, Simonds International manufactures specialized cutting blades for the lumber industry. Company officials said earlier this year the high-grade steel it needs isonly made in Europe or China.

Marina McGree, a purchaser for the firm, told a reporter for Michigan Radio: "If we could buy it in the U.S., we would happily do that and stop paying all these freight fees and everything else we're paying to bring it in."

McGee said then a steel tariff would raise its costs, giving Simonds' foreign competitors a big advantage.

"This plant could shut down. And all 80 employees here a lot of very good people could all lose their jobs."

And if this trade war escalates, industry analysts say, it could weigh down the automotive industry by raising prices and dampening consumer demand.

DRAWING on the information about Country Risk as covered in Chapters 6 and 7 of the text. Discuss the different strategies that are available to manage the current risks associated with trade between the US and China associated with our Political and Legal environment. Provide recommendations for how SimondsInternational might respond to their current situation.