trade diversion무역 전환
The shift of purchases from one supplier country to another because a tariff or other barrier has made the first more expensive. The buyer's total imports may not change; who supplies them does.
In these articles
- Korea's steel fell and cars stalled in the year of US tariffs, but exports set a record
Here: US imports moving from China to Mexico, Vietnam, Taiwan and Korea after the 2018–19 and 2025 tariffs.