trade policies

Import and export rules

Trade policies are the rules and strategies governments use to regulate international commerce—tariffs, quotas, subsidies, and trade agreements.

Countries may adopt protectionist trade policies to shield domestic industries or free-trade policies to encourage open markets: The administration's trade policies favored American manufacturers.

Trade policy debates often pit economic efficiency against job protection.

Opposites
openness/restriction

trade policiesfree trade

Unrestricted international exchange

protectionism · free markets · trade barriers · open borders · economic nationalism

international/domestic focus

trade policieslocal markets

Nearby retail establishments

domestic production

policy/non-policy

trade policiesfree markets

Commerce without state intervention

deregulation · laissez-faire · market forces · non-intervention · invisible hand

Family

trade, policy

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G