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The UK imports more from the EU then we export to them. So if tariffs are applied to the transactions then it will cost the EU more than it costs the UK.
However, the EU is much bigger than the UK so their exports to the UK is a much smaller proportion of their total exports than it is for the UK.
But you also need to look at the EU countries that will suffer the most and consider what influence they have.
Cheers,
Nigel |
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