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The UK has imposed new tariffs on imported leather shoes from China and Vietnam, the decision to impose the new duties was made after a
The UK has imposed new tariffs on imported leather shoes from China and Vietnam, the decision to impose the new duties was made after a probe suggested that shoe manufacturers in the Asian countries were receiving "disguised subsidies" from their governments and are exporting shoes at below cost price. Explain using a diagram, how will the imposition of this tariff affect the UK economy. (10 marks)
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