We are now aware that we are in the midst of a full-on trade war with China the levels and consequences of which are largely unknown. Case Situation: You are a senior member of an international risk management firm. An important and long-standing client with significant operations in the China and North America has come to you for advice on the potential impact of the US tariffs and now the global health situation on imports of Chinese finished steel nails. The clients main business is selling nails and other steel fastening tools such as staples and screws. Your Assignment: Take a position on where your client should locate operations and whether a diversification strategy should be considered. This diversification could be geographical, product line focused or financial. Justify this to your client with data and arguments and make a recommendation on both the location and diversification requirements.