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Increased protectionism in US trade policy

Author

Listed:
  • 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)

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.

Suggested Citation

  • Yuri Anatolievich Savinov & Aleksander Nikolayevich Zelenuk & Evgenija Vadimovna Taranovskaja & Galina Aleksandrovna Orlova & Anna Vasil’evna Skurova, 2019. "Increased protectionism in US trade policy," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 36-51, January.
  • Handle: RePEc:alq:rufejo:rfej_2019_01_36-51
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