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Why having a trade deficit doesn’t mean a good free trade deal.

Something I’ve seen being said a lot is that because the UK a high trade deficit it means the UK can get a good free trade deal with Europe.  The logic behind the statement sounds sound (ayy), that they want to carry on exporting stuff to UK, which they currently do and if tariffs were placed on… Continue reading Why having a trade deficit doesn’t mean a good free trade deal.

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