"People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public." - Adam Smith.

“同一行业的人聚会，即便是为了嬉戏娱乐，最终必定以针对公众的密谋而结束”-亚当·斯密。

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This kind of trade diversion is a typical consequence of antidumping restrictions.

FORBES: Why Antidumping Duties On Chinese Furniture Don't Save U.S. Jobs

Being a large closed economy it has less to lose by moving too early in terms of trade diversion to other Asian exporters, says Booth.

FORBES: Time for Emerging Markets to Stop Buying the Dollar?

One area of disagreement is the extent of trade diversion.

ECONOMIST: Do regional trade agreements encourage free trade?