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.
In my article The Softwood Lumber Dispute we saw an example of a tariff placed on a foreign good. A tariff is simply a tax or duty placed on an imported good by a domestic government. Tariffs are usually levied as a percentage of the declared value of the good, similar to a sales tax. Unlike a sales tax, tariff rates are often different for every good and tariffs do not apply to domestically produced goods. The upcoming book Advanced International Trade: Theory and Evidence by Robert Feenstra gives three situations in which governments often impose tariffs: