US EditionDo it yourself: Trade war cannot quick-fix
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Do it yourself: Trade war cannot quick-fix
In the year 1689, British monarch William of Orange put steep tariffs on French wine. He wanted to encourage the British to drink their own booze - make and drink. It was not a great idea because without wine, Britain turned to the hard stuff - gin. So, for the next 50 years, England was in the grip of the so-called gin craze. And newspapers wrote about the surge in crime and death and unemployment.In the 18th century, Britain put trade restrict…
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