Oxford Dictionary English the rag trade nounnoun BrE BrE//ðə ˈræɡ treɪd// ; NAmE NAmE//ðə ˈræɡ treɪd// [singular] (old-fashioned, informal) Add to my wordlistjump to other resultsthe business of designing, making and selling clothesSee the rag trade in the Oxford Advanced American DictionaryCheck pronunciation: the rag trade oxfordlearnersdictionaries.com