NAFTA is the North American Free Trade Agreement. In the 1990′s the United States, Canada, and Mexico negotiated NAFTA, which removed tariffs and other barriers to trade. The agreement makes trade between the three nations of North America mega-easy and is intended to generate trillions of dollars of revenue every year.
Posts Tagged ‘tariff’
NAFTA is…
Thursday, July 21st, 2011A Tariff is…
Friday, August 21st, 2009A tariff is a tax placed on imports.
Free Trade is…
Wednesday, July 22nd, 2009Free trade is when countries can buy and sell goods with one another without any government barriers like tariffs or, at the extreme, an embargo. That doesn’t mean you get stuff for free, it just means the government isn’t adding any extra costs to your purchase.