what was the impact of the reduction of imports?
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Explanation:
The increase in imports from tariff reduction beneficiaries is balanced by a decrease in imports from all others. For the market, the trade effect is only trade creation. For exporting countries, total trade effect is made of trade diversion and trade creation.
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Answer: The increase in imports from tariff reduction beneficiaries is balanced by a decrease in imports from all others. For the market, the trade effect is only trade creation. For exporting countries, total trade effect is made of trade diversion and trade creation
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