Rediscovering Trade Barriers

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Guess what happens to Chinese products once destined for Western economies that can no longer afford them? They find destinations closer to home (via 2point6billion): Indian markets saw a flood of Chinese made toys in the second half of2008 after many western countries decided not to import toysmanufactured in China anymore. Besides a lack of capital, westernimporters decided to “buy American” also due to recent qualityproblems. Guess what happens to Chinese products that try to find destinations closer to home? They get turned away: India on Friday banned Chinese-made toys for six months in order toprotect the domestic industry which […]

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