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Since the start of the COVID-19 pandemic, the UK has suspended import tariffs on medical supplies (including face masks, gloves and other protective equipment). Discuss
Since the start of the COVID-19 pandemic, the UK has suspended import tariffs on medical supplies (including face masks, gloves and other protective equipment).
Discuss the economic consequences of this trade policy (i.e., suspending tariffs) on the UK economy. Would this removal of tariffs harm or benefit the UK economy? if so how would this happen?
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