NEW MODEL OF TRADE BETWEEN COUNTRIES BY D. TRUMP
https://doi.org/10.21686/2410-7395-2020-1-20-27
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.
Supporting agencies: The reported study was funded by RFBR, project number 20-014-00001 А "Global and Regional Effects of US Economic Policy in the second - the beginning of the third decade of the XXI century: New Challenges and Chances for Russia"
About the Author
L. F. Lebedeva
The Institute for USA and Canada Studies of Russian Academy of Sciences
Russian Federation
Russian Federation
Doctor of Economics, Professor, Head of the Center for Social-Economic Studies and Projects
2/3 Khlebny per, Moscow, 123995, Russian Federation
References
1. Dynkin A. A. Rossiya v transformiruyushchemsya miroporyadke [Russia in a Transforming World Order]. Doklad, 2019, Novemder 13. (In Russ.). Available at: https://www.imemo. ru/index.php?page_id=502&id =5439&p =3&ret=498
2. Emelyanov E. V. Vneshnetorgovyy kurs D. Trampa: plany i realii [Foreign Trade Course of D. Trump: Plans and Reality], Mezhdunarodnaya torgovlya i torgovaya politika, 2018, No. 2, pp. 73–82. (In Russ.).
3. Lebedeva L. F. Sozdanie rabochih mest po Trampu: prioritety, realii i riski [Creating Jobs under Trump’s Policy: Priorities, Realities and Risks], MEiMO, 2018, No. 11, pp. 66–75.
4. Bown Ch. P. Unappreciated Hazards of the US-China Phase One Deal. PIIE, 2020, January 21. Available at: https://www.piie.com/blogs/trade-and-investment-policy-watch/unappreciated-hazards-us-china-phaseone-deal
5. Bown Ch. P. Phase One China Deal: Steep Tariffs Are the New Normal. PIIE, 2019, December 19. Available at: https://www.piie.com/blogs/trade-and-investment-policy-watch/phase-one-china-deal-steep-tariffs-arenew-normal
6. Despite the US-China Trade Agreement, Key Details are Unclear. CNBC. Available at: https://www.cnbc.com/2019/12/16/us-and-chinareached-a-trade-agreement-but-key-details-still-unclear.html
7. Economic and Trade Agreement between the Government of the United States of America and the Government of the People’s Republic of China. Phase one, 2020, January 15.
8. Griswold D. Assessing President Trump’s Trade Priorities, Cato Journal, 2019, February 26. Available at: https://www.cato.org/catojournal/winter-2019/assessing-president-trumps-trade-priorities
9. Remarks by President Trump at the World Economic Forum. Davos, Switzerland. White House, 2020, January 21. Available at: https://www.whitehouse.gov/briefings-statements/remarks-president-trump-worldeconomic-forum-davos-switzerland/
10. The EU is The Biggest Loser from US-China Agreement. Available at: https://zerohedge.whotrades.com/blog/43445683905
11. US International Trade. Survey of Current Business, 2020, January. Available at: https://apps.bea.gov/scb/2020/01-january/pdf/0120-international-transactions-tables.pdf
Review
For citations:
Lebedeva L.F. NEW MODEL OF TRADE BETWEEN COUNTRIES BY D. TRUMP. International Trade and Trade Policy. 2020;(1):20-27. (In Russ.) https://doi.org/10.21686/2410-7395-2020-1-20-27
Views:
1018
Email this article 
