| − | '''Free trade''' is a [[Liberal euphemisms|misleading term]] for unregulated trade between nations without [[tariffs]], [https://freeenterprisecenter.net/free-trade quotas] or [https://freeenterprisecenter.net/free-trade subsidies] applying to the goods exchanged. Since one nation has little control over another nation, without some sort of agreement between two nations, free trade typically harms a particular group of people in one nation, such as laborers or consumers. Free trade suppresses wages and reduces job opportunities in the wealthier nation (e.g., the [[United States]]), and transfers wealth to the elite in the poorer nation (e.g., [[China]]). | + | '''Free trade''' is a [[Liberal euphemisms|misleading term]] for managed trade between nations without [[tariffs]], [https://freeenterprisecenter.net/free-trade quotas] or [https://freeenterprisecenter.net/free-trade subsidies] applying to the goods exchanged. Since one nation has little control over another nation, without some sort of agreement between two nations, free trade typically harms a particular group of people in one nation, such as laborers or consumers. Free trade suppresses wages and reduces job opportunities in the wealthier nation (e.g., the [[United States]]), and transfers wealth to the elite in the poorer nation (e.g., [[China]]). |
| | Misguided free trade can exist between a potential future enemy of a country, leading to national security problems and greater defense costs. | | Misguided free trade can exist between a potential future enemy of a country, leading to national security problems and greater defense costs. |