Quote:
Originally Posted by Hugh
So why couldn’t they do this before (British businesses warehousing the Chinese goods in the U.K.)?
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They could. But with any low-value, high volume business it is difficult to start and vulnerable to competition - especially if the competition is coming from parts of Europe where the cost of doing business, especially wages, is so much lower that no British business could compete effectively. These are precisely the reasons why it is the norm in international trade for there to be tariffs and quotas. They protect your domestic businesses from competition that is structurally impossible for them to respond to.