"I think when you have a situation where a town centre is performing poorly, a small impact in terms of trade diversion
could actually have a significant effect on a town centre.
"European-related trade, where we are most exposed, had strong volume growth in the first half, around 5 percent, in part because of trade diversion
resulting from the U.S.-China trade tensions."
He can try to deal with trade diversion
by expanding the trade war to include more countries (good morning, Vietnam!).
In Japan, on the other hand, the opportunities for trade diversion
are less drastic as relative costs are more expensive and their exporting sector is more devoted to higher value-added goods.
With this trade diversion
likely to migrate to higher-cost platforms around the world, American consumers will be hit with the functional equivalent of a tax hike.
But trade stats showed that the largest trend has been towards trade diversion
. That is how many third countries gained by becoming new suppliers to feed the target markets of the U.S and China.
One is a provision that causes trade diversion
to Turkey's detriment.
Mason notes that the country can benefit from trade diversion
as some investments meant for China can be diverted to the Philippines.
While virtually any negative preferential trade agreement would probably have some benefits for third parties, those benefits are likely to be particularly large in the case of a US-China "agreement." Trade diversion
has often been regarded as a theoretical construct with little real-world significance, because most of the economies engaged in preferential trade agreements already had rather low tariffs.
In the view of experts on South Asia at the South Asia Economic Policy Network, under the office of World Bank's regional Chief Economist, South Asia could even benefit from the current trade dispute between the US and China through trade diversion
While the ambassador attributed a part of the import surge to a siege-induced trade diversion
from the United Arab Emirates, he said there was a lot of room for Indian businesses to grow in Qatar.
The ministry had also acknowledged that trade diversion
could positively impact the Malaysian market as an alternative investment destination.