Question

Write on the Impact of the Trump administration  policies on international trade in the USA.

You need to make sure that your references are mostly from professional economics journals, or reputable newspapers such as New York Times, Dow Jones, Financial Times, the Economists , etc. or from official websites of some international organizations such as IMF, World Bank etc.,

Answer 1

1) US - China Trade war  It's impact on global trade - The USA and China fail to agree on the trade compromise . Additional tariffs are encated . The USA increased attack on chinese industries , IP rights, militray modernization etc. This leads to uncertanity and volatility across globe . Real GDP growth of USA takes a severe hit, whilst chinese growth erodes. These all lead to "Geat Global Depression 2.0".

2) Attempts to US's trade Deficit - This attempts will likely to benefit USA workers and bolster GDP growth for short times . The long term ramifictions resulting from domestic policy shift to economic independence from one of globalisation are debatless.

3) American First Policy - American first policy of trump administration motivated by the to give more importance to Domestic Goods for which trump administration will impose more tariff on the its trade patner which will sevre hurt american economy as well and global economy also . All Institution Like IMF,WTO etc. lower global growth projection and warn we are going to Global recession .

4)The Tariff imposed by Trumps administrtaion is estimated to reduce long run GDP by 0.23%,wages by 0.15% and employment by 179800 full time equivalent jobs globally

5) Trade Protectionism - Trump's "BUY American Hire American" further permote trade portectionism . This may bring out underlying trade protectionism globally. This may result in global slowdown because Internation trade is the engine of the golbal growth . This will not hurt america but whole world .