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'''Free trade''' is a term meaning unregulated trade between nations without [[tariffs]], quotas or 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 might be one sided.

'''Free trade''' is a term meaning unregulated trade between nations without [[tariffs]], quotas or 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 might harm a particular group of people in one nation, such as laborers or consumers.  However, the overall welfare of each country increases with free trade.

 

It is possible that free trade can exist between a potential future enemy of a country, leading to national security implications.

Free trade can have undesired side effects, such as a massive loss of manufacturing jobs by the wealthier trading partner though a mechanism known as [[offshoring]] jobs to a trading partner having cheaper labor.  Moreover, nearly all of the benefits of free trade can accrue to the trading partner or its government, which may be an enemy of the wealthier trading partner.

Free trade can have undesired side effects, such as a massive loss of manufacturing jobs by the wealthier trading partner though a mechanism known as [[offshoring]] jobs to a trading partner having cheaper labor.  Moreover, nearly all of the benefits of free trade can accrue to the trading partner or its government, which may be an enemy of the wealthier trading partner.