Evaluating the impact of U.S. protectionist trade policies

Aleixandre Brian Duche-Pérez, Anthony Rolando Medina Rivas Plata, Olger Albino Gutiérrez-Aguilar, Cintya Yadira Vera-Revilla

Article ID: 7066
Vol 8, Issue 10, 2024

VIEWS - 162 (Abstract) 81 (PDF)

Abstract


The electoral campaign that led Trump to win the presidential election focused on attacking the elites and using nationalist rhetoric, highlighting issues such as illegal immigration and economic globalization. Once in power, his trade policies, based on perceptions of unfair competition with countries like China, resulted in the imposition of high tariffs on key products. These measures were justified as necessary to protect domestic industries and jobs, although they triggered trade wars at the international level. This article examines the economic consequences of the protectionist policies implemented by the United States under the Trump administration. The protection of less competitive sectors aims to reduce imports, negatively affecting production and income in exporting countries, and limiting U.S. exports to these markets. Although some countries have experienced an increase in real income due to trade diversion, overall, income fluctuations have been negative.


Keywords


protectionist policies; trade agreements; trade barriers; global trade; USA

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References


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DOI: https://doi.org/10.24294/jipd.v8i10.7066

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