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free trade
noun
trade between countries, free from governmental restrictions or duties.
international trade free from protective duties and subject only to such tariffs as are needed for revenue.
the system, principles, or maintenance of such trade.
Chiefly Scot.smuggling.
free trade
noun
international trade that is free of such government interference as import quotas, export subsidies, protective tariffs, etc Compare protection
archaicillicit trade; smuggling
Other Word Forms
- free-trade adjective
- prefree-trade adjective
Word History and Origins
Origin of free trade1
Example Sentences
Where once Democrats were suspicious of free trade, today they embrace it as part of their criticism of the president’s protectionism.
Instead, he accused the government led by Benjamin Netanyahu of "isolating Israel from its friends and partners around the world", as he announced negotiations on a free trade deal had been suspended.
As a small businessman in Mobile, Alabama, Sweetser, who voted for Trump the first time around, had been hurt by the president’s rejection of a traditional conservative value: free trade.
Until last month’s tariffs, cars sold between the U.S. and South Korea were untaxed under a bilateral free trade agreement.
EU and India are also pushing to get a free trade agreement done this year.
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