Nancy /nan-cy/ [2 sylls.] as a girls' name is pronounced NAN-cee. It is of Hebrew origin, and the meaning of Nancy is He (God) has favored me. Variant of Ann.Originally a nickname first used as a given name in the 18th century. First Lady Nancy Reagan; skater Nancy Kerrigan; writer Nancy Mitford.ancy is a very popular first name for women (#12 out of 4276, Top 1%) and also a very popular surname for both adults and children (#60390 out of 150436, Top 40%). (2000 U.S. Census).
After the collapse of the Soviet Union in 1991, the U.S. continued to promote free trade. Free trade simply refers to a lack of trade barriers between participating nations. Trade barriers typically mean tariffs, either to protect domestic manufacturers or to raise revenue.
It adds to the cost of imported goods and is one of several trade policies that a country can enact. Why Are Tariffs and Trade Barriers Used? Tariffs are often created to protect infant industries and developing economies but are also used by more advanced economies with developed industries.