unfair trade
One-sided economic exchange
Unfair trade refers to commercial practices that violate agreed-upon rules or exploit imbalances in power between trading partners.
The term appears in international commerce to describe dumping goods below cost, currency manipulation, or protectionist policies: The administration accused China of unfair trade practices.
It also describes exploitation of producers in developing countries—the flip side of "fair trade" movements that guarantee better terms for farmers and workers.
- dumpingDisposing carelessly or abruptly
- child laborMinors performing paid work
- sweatshop laborExploitative factory work
- debt bondageCoerced labor repaying loans
- collusionFraudulent secret cooperation
wage theft · monopolies · forced labor · currency manipulation · neocolonialism · bid rigging · counterfeit goods · underpayment · race to the bottom · resource extraction · human rights abuses · blood diamonds · environmental degradation · cheat · wealth disparity · customs fraud · smuggling · predatory pricing
- tradecustoms, commerce, export, exports, quotas
- business wrongspassing off, predatory pricing, price fixing, bid rigging, antitrust violation
- unfair competitionpassing off, palming off, false advertising, trademark infringement, misappropriation
- economic problemsmarket failure, recession, inflation, deflation, stagflation
- trade policytariff, quotas, protectionism, sanctions, tariffs
- antitrustantitrust, price fixing, cartel, collusion, antitrust laws
unfair tradefair trade
Equitable exchange between parties
equal exchange · square deal · fair dealing · square dealing