Jackie and Marlene : free trade

Free trade is the elimination of trade barrier such as tariffs.  Tariffs are a tax on goods that have been imported or exported internationally.  Different companies thought that Tariffs were hurting their business, and free trade allows businesses to expand their markets without a setback.

In our example, we showed how Dunkin Donuts imports their coffee beans from Brazil.  This is an example of free trade because they don’t have to pay a tax to import their coffee beans.  It would be unfair if they had to pay a  tax on coffee beans because coffee is not a plant that is likely to grow well in the USA.  Therefore free trade is necessary for a happy and stable world.

 

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