NEW MODEL OF TRADE BETWEEN COUNTRIES BY D. TRUMP

L. F. Lebedeva ()

International Trade and Trade Policy, 2020, issue 1

Abstract: The period of Trump’s presidency brought a new wave of changes in the country’s foreign trade policy, which will be one of the topics in the United States presidential campaign for the election 2020. Trying to make agreements fair for the US, to reduce the trade deficit, the administration’s policy became more protectionist compared with previous ones, but after raising tariffs there is a turn to agreements with trade partners – renegotiating with Canada and Mexico, Japan; the economic and trade agreement between the government of the United States and the government of China. The agreement between the US and China is an important step for stopping the escalation of trade tensions between two countries leading in international trade.  At the same time Expanding trade, which according to the Agreement means raising Chinese purchases of American goods and services, may become a challenge to other exporters to China, including Brazil, Argentina, Australia, EC.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:acl:journl:y:2020:id:350

DOI: 10.21686/2410-7395-2020-1-20-27

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