Trade diversion, which occurs when firms shift to alternative suppliers to avoid tariffs, often results in higher transportation costs, supply chain inefficiencies, and shifts to suppliers that may not offer the same price, quality, or reliability.

Authors

• Person: Ramu Thiagarajan, Jennifer Bender, Michael Metcalfe Organization: State Street
  The price of protectionism: Understanding the economic tradeoffs of ...

Sources

• The price of protectionism: Understanding the economic tradeoffs of ... www.statestreet.com Ramu Thiagarajan, Jennifer Bender, Michael Metcalfe · State Street via serper

Referenced by nodes (1)

• tariff concept