IDEAS home Printed from https://ideas.repec.org/a/iem/journl/v10y2018i2p42-60.html
   My bibliography  Save this article

What Comes Next? A Global Trade War Or The Renegotiation Of Us Trade Agreements?

Author

Listed:
  • Virginia Câmpeanu

Abstract

In March 2018, the US President announced additional tariffs on steel and aluminum imports to be applied to all exporters in the US market. The main reason behind these protectionist measures is the threat to national security caused by the US balance of trade, as reflected by annual losses of hundreds of billions of dollars. Strengthening of the US steel and aluminum industries, job creation and, hence, the consolidation of the US economy appear to be among the benefits of the new tariffs.This article aims to analyze US trade and issues related to the major trading partners, as well as the new protectionist measures initiated by president Trump, alongside the domestic and international responses. Finally, the article highlights the immediate and foreseeable consequences of these measures and concludes that rather than triggering a global trade war, the Trump administration is preparing the means to exert pressure to renegotiate the US trade agreements.

Suggested Citation

  • Virginia Câmpeanu, 2018. "What Comes Next? A Global Trade War Or The Renegotiation Of Us Trade Agreements?," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 10(1), pages 42-60.
    • Handle: RePEc:iem:journl:v:10:y:2018:i:2:p:42-60
    as

    Download full text from publisher

    File URL: http://iem.ro/rem/index.php/REM/article/view/628/708
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    USA; European Union (EU); trade; protectionism; tariffs;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F52 - International Economics - - International Relations, National Security, and International Political Economy - - - National Security; Economic Nationalism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iem:journl:v:10:y:2018:i:2:p:42-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ionela Baltatescu (email available below). General contact details of provider: https://edirc.repec.org/data/imacaro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.