If you want to generate a good climate for business, don’t behave as though you are up for a trade war to press economically insignificant causes in pursuit of nationalist objectives.
Instead, act in the national economic interest, and avoid trade wars almost at all costs. Over time, businesses will come to understand that this is what you will do, and grow to expect there not to be a trade war, and think it profitable to run a business in your country.
The trouble with trade wars is that they make the returns to doing business highly uncertain. You don't know if you will be able to get your inputs at reasonable cost, or at all, or export. Or if those of your customers who depend on easy trade will be able to spend with you.
Remember that many of these businesses are in places that you are trying to level up, or in places that you are going to tax to get £ to send to places you want to level up for development projects. Trade wars level down!
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