Possible Methods of Trade Diversification During High Import Tariff Charging
Trade Diversification Rout During High Import Tariff Charging Global trade has always been subject to fluctuations in political, economic, and regulatory environments. One of the most pressing challenges businesses face is the imposition of high import tariffs by countries aiming to protect their domestic industries. While these tariffs can increase the cost of goods and erode competitiveness, they also present opportunities for exporters and importers to diversify trade strategies. Diversification …