Increased protectionism in US trade policy

Yuri Anatolievich Savinov, Aleksander Nikolayevich Zelenuk, Evgenija Vadimovna Taranovskaja, Galina Aleksandrovna Orlova and Anna Vasil’evna Skurova
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Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia
Aleksander Nikolayevich Zelenuk: Moscow State Institute of International Relations (University) MFA Russia
Evgenija Vadimovna Taranovskaja: Russian Foreign Trade Academy, Moscow, Russia
Galina Aleksandrovna Orlova: Russian Foreign Trade Academy, Moscow, Russia
Anna Vasil’evna Skurova: Moscow State Institute of International Relations (University) MFA Russia

Russian Foreign Economic Journal, 2019, issue 1, 36-51

Abstract: The authors consider the changes in the US international economic policy after D. Trump won the presidential election. The major changes involve revising US international agreements with North American trading partners (Canada and Mexico), imposing higher import tariffs on goods from China, refusal to conclude the Trans-Pacific Partnership (TPP). D. Trump justifies the new policy by the rejection of globalization and the transition to the concept of economic patriotism, which is closely related to the theory of economic nationalism. The main trade wars conducted by the United States in previous years are listed and it is concluded that addressing economic issues through trade wars is not reasonable.

Keywords: Donald Trump; the concept of “economic patriotism”; revision of international agreements and treaties; imposing higher import duties on Chinese goods; US trade wars with partners. (search for similar items in EconPapers)
Date: 2019
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