Free Trade

Free trade is the economic policy of allowing goods and services to be exchanged across borders with minimal restrictions or tariffs. In the context of liberalism, it promotes individual freedoms, economic efficiency, and competition, arguing that removing trade barriers leads to more choices for consumers, lower prices, and greater innovation. Supporters believe that by fostering international cooperation and interdependence, free trade can help boost economic growth and improve living standards worldwide. Critics, however, warn it may harm local industries and lead to job losses in certain sectors, highlighting the need for balanced policies.