free trade

noun

Definition of free trade

: trade based on the unrestricted international exchange of goods with tariffs used only as a source of revenue

Examples of free trade in a Sentence

Recent Examples on the Web Notably, the vote reassures farmers, manufacturers and other businesses that tariff-free trade will continue in North America. William Mauldin, WSJ, "Senate Passes USMCA, New North American Trade Pact," 16 Jan. 2020 Still, the optimists hope for an agreement on the most basic issue: a tariff-free trade deal. Mark Landler, New York Times, "And You Thought Brexit Was Tough …," 8 Jan. 2020 And Coloradans, especially farmers and ranchers, have largely benefitted from freer trade, which has also boosted tourist visits. Aldo Svaldi, The Denver Post, "Coloradans favor free trade and strong defense spending," 5 Nov. 2019 The first indigenous Peruvian to hold the office, Toledo led a government that favored business and free trade, boosting Peru’s economy and reducing poverty while clashing at times with labor unions. Bob Egelko, SFChronicle.com, "Judge OKs bail for jailed former Peruvian leader, but release not guaranteed," 10 Oct. 2019 For him, this was a time when the policies that economists almost universally endorsed—tax breaks, austerity, deregulation, free trade, monetarism, floating exchange rates, reduced antitrust enforcement, low inflation, among others—were enacted. Robin Kaiser-schatzlein, The New Republic, "The Tyranny of Economists," 30 Sep. 2019 World Economic Forum / Greg Beadle With a topic like free trade, more open borders and stronger collaboration between African countries seemed the very opposite of these attacks on other Africans and Mboweni seemed to recognize this. Yinka Adegoke, Quartz Africa, "How gender violence and xenophobia reset the agenda at Africa’s “Davos”," 9 Sep. 2019 Through all its changes, and over more than a century and a half, The Economist’s enthusiasm for free trade remains undiminished. Patrick Iber, The New Republic, "The World The Economist Made," 17 Dec. 2019 The Anti-Corn Law League demanded their repeal and their substitution with a policy of free trade. Patrick Iber, The New Republic, "The World The Economist Made," 17 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'free trade.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of free trade

1766, in the meaning defined above

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Time Traveler for free trade

Time Traveler

The first known use of free trade was in 1766

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Statistics for free trade

Last Updated

25 Jan 2020

Cite this Entry

“Free trade.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/free%20trade. Accessed 25 January 2020.

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More Definitions for free trade

free trade

noun

English Language Learners Definition of free trade

: a system of trade between nations in which there are no special taxes placed on imports

More from Merriam-Webster on free trade

Britannica.com: Encyclopedia article about free trade

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