trade deal
Nations exchanging goods
A trade deal is an agreement between countries governing commerce—reducing tariffs, opening markets, or setting terms for imports and exports.
Trade deals range from bilateral agreements between two nations to multilateral pacts involving many: The trade deal eliminated tariffs on agricultural products.
In political discourse, trade deals are often contentious, debated for their effects on jobs and domestic industries.
- diplomacyNegotiation between nations
- treatyBinding pact between nations
- negotiationDiscussion seeking mutual accord
- importObtain from overseas
- economic tiesFinancial links between entities
bargaining · customs union · agreement · customs duty · sanctions · tax · ratification · most favored nation · level playing field · reciprocity · concession · sticking point · barter · market · goods · pact · commerce · surplus
- BrexitBrexit, leave, remain, backstop, Brexiteer
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
- economyGDP, money, inflation, inflation rate, GNP
- global tradeexport tax, exports, import tax, imports, export
- negotiationbargaining, bargain, negotiate, mediation, compromise
- tradecustoms, commerce, export, exports, quotas
trade dealembargo
Official prohibition on trade
trade embargo · tariff · trade barrier · import ban · export ban
trade dealprotectionism
Shielding local producers
isolationism · economic nationalism · autarky · mercantilism · decoupling
deal, trade, dealer, trader, trading, dealing, deals, trademark, traded