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Peter, the law would regard imports to Britain.
If, when counting the currency exchange rate, the manufacture cost of imported production is out of tune with our wages - in other words far too low - it would be considered unfair competition.
Example: I want to produce clothes in Britain, but can't, owing to unfair competition preventing me from selling them in Britain. The Chinese have an artificially low exchange rate, State imposed, designed to dominate the world market and put others out of work.
Hence, I could complain to the appropriate fair trade and commerce offices.
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