free trade
noun
: trade based on the unrestricted international exchange of goods with tariffs used only as a source of revenue
Example Sentences
Recent Examples on the Web One professor described the largely Gen Z crowd as idealistic and welcoming of globalization, meaning that its members are open to global culture, free trade, borderless societies and unlimited online consumption. 
Los Angeles Times, 23 Aug. 2022 American politicians of both parties have long hailed the economic power of free markets and free trade while emphasizing the dangers and inefficiencies of government interference. New York Times, 3 Aug. 2022 Republicans have been most vocal in raising the criticism that firms might invest in China, which marks a change from their historical reluctance to interfere with business investments and free trade. Oren Cass, CNN, 27 July 2022 And yet all of these policies contributed to the world that exists today and to public antipathy toward free trade, globalization, and military interventions abroad. Tom Mctague, The Atlantic, 4 Apr. 2022 To be eligible for these credits, at least 40% of critical minerals used in EV batteries must be sourced from the US or a free trade partner by 2024. Mary Hui, Quartz, 31 Aug. 2022 Off the bat, for instance, 40 percent of the components of cars will need to be made in the U.S. or in a free trade partner to qualify for a new $7,500 electric vehicle tax credits furnished by the IRA. Kate Aronoff, The New Republic, 23 Aug. 2022 The requirement keeps increasing through 2027, when at least 80% of critical materials must come from mines in the U.S. or free trade partners. Laurent Belsie, The Christian Science Monitor, 16 Aug. 2022 The group says the reason many vehicles would automatically lose eligibility are requirements in the Clean Vehicle Credit which include sourcing critical materials for the battery from North America or a U.S. free trade partner. Brett Molina, USA TODAY, 9 Aug. 2022 See More
Los Angeles Times, 23 Aug. 2022 American politicians of both parties have long hailed the economic power of free markets and free trade while emphasizing the dangers and inefficiencies of government interference. New York Times, 3 Aug. 2022 Republicans have been most vocal in raising the criticism that firms might invest in China, which marks a change from their historical reluctance to interfere with business investments and free trade. Oren Cass, CNN, 27 July 2022 And yet all of these policies contributed to the world that exists today and to public antipathy toward free trade, globalization, and military interventions abroad. Tom Mctague, The Atlantic, 4 Apr. 2022 To be eligible for these credits, at least 40% of critical minerals used in EV batteries must be sourced from the US or a free trade partner by 2024. Mary Hui, Quartz, 31 Aug. 2022 Off the bat, for instance, 40 percent of the components of cars will need to be made in the U.S. or in a free trade partner to qualify for a new $7,500 electric vehicle tax credits furnished by the IRA. Kate Aronoff, The New Republic, 23 Aug. 2022 The requirement keeps increasing through 2027, when at least 80% of critical materials must come from mines in the U.S. or free trade partners. Laurent Belsie, The Christian Science Monitor, 16 Aug. 2022 The group says the reason many vehicles would automatically lose eligibility are requirements in the Clean Vehicle Credit which include sourcing critical materials for the battery from North America or a U.S. free trade partner. Brett Molina, USA TODAY, 9 Aug. 2022 See More Word History
First Known Use
1766, in the meaning defined above
free trade
noun
as in black market
Synonyms & Similar Words
Relevance
- black market
- gray market
- traffic
- marketplace
- commerce
- trade
- merchandising
- retailing
- business
- wholesaling
- dealings
- e-tail
- bartering
- horse-trading