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Protectionist USUnited States Policy and Expansionary Fiscal Policy: Ongoing Contradictions

In: The Global Trump

Author

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  • Paul J. J. Welfens

    (University of Wuppertal)

Abstract

This chapter considers the development of US trade policy and fiscal policy under the Trump Administration. Several inconsistencies are identified and the medium-term challenges which can be expected are identified. Since the US is a big economy, Washington’s protectionist tariff policy and inconsistent fiscal policy are shown to have direct negative medium-term effects on the US as well as negative effects on Europe and Asia/China. This US populist policy approach in turn will cause new conflicts and problems.

Suggested Citation

  • Paul J. J. Welfens, 2019. "Protectionist USUnited States Policy and Expansionary Fiscal Policy: Ongoing Contradictions," Springer Books, in: The Global Trump, chapter 3, pages 101-138, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-21784-6_3
    DOI: 10.1007/978-3-030-21784-6_3
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