Increased protectionism in US trade policy

Authors

  • Yuri Anatolievich Savinov Russian Foreign Trade Academy
  • Aleksander Nikolayevich Zelenuk Moscow State Institute of International Relations (University) MFA Russia
  • Eugenia Vadimovna Taranovskaya Russian Foreign Trade Academy
  • Galina Aleksandrovna Orlova Russian Foreign Trade Academy
  • Anna Vasilyevna Skurova Moscow State Institute of International Relations (University) MFA Russia

DOI:

https://doi.org/10.24412.2072-8042-2019-00014

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

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.

Author Biographies

Yuri Anatolievich Savinov, Russian Foreign Trade Academy

Doctor of Economic Sciences, Professor

Work place, position: Russian Foreign Trade Academy (119285, Moscow, Pudovkina, 4A), Department of foreign trade and international transactions - Professor

Aleksander Nikolayevich Zelenuk, Moscow State Institute of International Relations (University) MFA Russia

Candidate of Economic Sciences

Work place, position: Moscow State Institute of International Relations (University) MFA Russia, Department of the economic theory - Assistant Professor

Eugenia Vadimovna Taranovskaya, Russian Foreign Trade Academy

Candidate of Technical Sciences, Associate Professor

Work place, position: Russian Foreign Trade Academy (119285, Moscow, Pudovkina, 4A), Department of Finance, Monetary and Credit Relations - Associate Professor

Galina Aleksandrovna Orlova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Associate Professor

Work place, position: Russian Foreign Trade Academy (119285, Moscow, Pudovkina, 4A), Department of world and National Economy - Professor

Anna Vasilyevna Skurova, Moscow State Institute of International Relations (University) MFA Russia

Candidate of Economic Sciences

Work place, position: Moscow State Institute of International Relations (University) MFA Russia (Vernadskogo prospekt, 76, Moscow, 119454) - Senior Lecturer

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Published

2024-02-08

How to Cite

Savinov, Y. A., Zelenuk, A. N., Taranovskaya, E. V., Orlova, G. A., & Skurova, A. V. (2024). Increased protectionism in US trade policy. Russian Foreign Economic Journal, (1), 36–51. https://doi.org/10.24412.2072-8042-2019-00014

Issue

No. 1 (2019)

Section

Foreign trade activity

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