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  • More money is coming out of England because of many imports which make other countries richer. 
  • How can we change this then?
  • To increase the money in England we could add tariffs on the imports which would increase the price and the tariff money would go to the government.
  • Okay but is there any consequences of this?
  • They would be some consequences of this because the countries that we are importing goods from could add tariffs on the products they buy from us.
  • Meaning that we would lose some money as well from other countries.
  • If we don't put tariffs on some imports other countries will become stronger.
  • But we would have an increase chance of other countires adding tariffs onto their products leading to an overall decrease in money because no one is buying our products.
  • We still would have money coming into the government because if people were still buying from other countries the extra money from the tariff would come to us.
  • Okay but I think that would should only put tariffs on the most popular import and see how the other countries react.
  • Okay we will put our first tariff on the most popular import and see how other countries and our country react and see what the effect for us is.
  • Okay that sounds good as it gives us a chance to see how everything would go before putting tariffs on everything.
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