September 11, 2009- tears, blood, surprise, smoke and a pause in international trade. This day had a major shock on the world and a greater one on the US economy; and when the US economy is affected so is the rest of the world’s economy. The terrorists’ attacks on the US changed the world of commerce almost immediately; extra fees were applied to shipping companies that were bringing in imports to the United States.
The US security border patrol has taken a major toll on international businesses that do business across borders. The new laws that came into effect immediately after the attacks have placed a burden on businesses; this includes higher transportation costs, and significant delays in business transactions. Increased security concerns have had a negative effect on cross-border trade, in that increased fees and just the fear that your goods will not make it safely to their original destination. Another problem that may occur due to the terrorist attacks is that businesses may feel the need to stock up on inventory, and this will increase costs and therefore prices for consumers.
In conclusion the terrorists attacks on the United States have caused a major burden on international business such as imports/exports and trade. Increase in transportation prices, increase in inventory storage costs, security problems, and the anxiety of not getting your products stolen, broken or even seized.
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