TRUMP’S FOREIGN POLICY: PLANS AND REALITIES

E. V. Emelianov ()

International Trade and Trade Policy, 2018, issue 2

Abstract: The article considers the changes in US foreign trade policy at the beginning of the Trump’s presidency. Exporting is a critical component for the long-term growth and the U.S. economy overall, and supporting millions of jobs in US. Though D. Trump campaigned for president as a protectionist, there was no such steps the first year of his presidency. But his second year in the White House began with announcing new tariffs on solar panels, washing machines, then on steel, aluminium. As concerning steel products, the United States being the world’s largest steel importer have persistent trade deficit.The US trade law allows the president to limit imports in case if domestic industries are threatened, against unfair foreign trade practices for a period of time, but such measures were not frequent in US practice. Meanwhile new protectionist measures are debated. Trump’s policy is being opposed not only by trade partners of the US, but in the US as well, by those who argue that protectionist measures will complicate international relationships.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2018:id:241

DOI: 10.21686/2410-7395-2018-2-73-82

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