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
Do you need a little boost with IB Economics?
Get help from an examiner: check out private lessons.