Richard Baldwin explained the concept of 'trade deflection' as follows: "When US tariffs go up, exporters to the US don’t just reduce supply to match the reduction in sales to the US. They redirect their exports to other countries. Tariffs, in a sense, deflect the exports to other markets."

Authors

• Person: Not available Organization: Cato Institute
  World Trade Without the US | Cato Institute

Sources

• World Trade Without the US | Cato Institute www.cato.org Cato Institute via serper

Referenced by nodes (1)

• U.S. tariffs concept