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free trade
noun
: 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
Trump tensions Chinese cars’ growing presence in Mexico, which is itself a major exporter of vehicles, comes at a time when China is a source of contention between the United States, Mexico and Canada, partners in a regional free trade agreement.
—Afp, Fortune Asia, 27 Dec. 2024
Trudeau was largely praised for steering the country through a successful renegotiation of the U.S.-Mexico-Canada free trade agreement, a process that Freeland helmed.
—Kate Linthicum, Los Angeles Times, 18 Dec. 2024
The country has also has managed to set up a free trade agreement with Europe, whereas Indonesia is still trying to reach terms on a deal.
—Dylan Butts, CNBC, 17 Dec. 2024
Even if the legislation passes, President-elect Trump’s administration may not seek out any free trade deals.
—Rachel Frazin, The Hill, 5 Dec. 2024
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Word History
First Known Use
1766, in the meaning defined above
Dictionary Entries Near free trade
Cite this Entry
“Free trade.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20trade. Accessed 2 Jan. 2025.
Kids Definition
free trade
noun
: trade between nations without restrictions (as high taxes on imports)
More from Merriam-Webster on free trade
Thesaurus: All synonyms and antonyms for free trade
Britannica.com: Encyclopedia article about free trade
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