How tariffs can divert trade

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Reuters: Shut out of China, U.S. coal exporters find favour in India

Article published: Nov 20, 2018

IB Economics syllabus: International economics (protectionism, trade)

This article talks about how the higher tariffs in China made American coal producers sell coal in other countries (e.g. India) instead of China. This is a real-life example of trade diversion.

Source of image: unsplash.com

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By EconDaddy IB Economics tutor|2022-01-13T10:41:57+00:00November 21st, 2018|International Economics|Comments Off

About the Author: EconDaddy IB Economics tutor

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 8 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.