trade policy

Definition

Laws related to the exchange of goods or services involved in international trade including taxes, subsidies, and import/export regulations.

Use trade policy in a sentence

  • Going forward, the new administration's trade policy would be to ease regulations with Europe, and add more tariffs to trade imports from China.

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  • Any time that you do business with another country you must first get completely familiarized with the foreign trade policy.

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  • The trade policy of the young nation of North Korea was subject to the harsh economic sanctions imposed by USA.

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