Tuesday, October 27, 2020

The reshaping of Global Trade by the Administration of President Trump

During the last 4 years, I watched closely the International Trade actions adopted by US President Trump. That attention materialized in 2 successive articles evaluating these actions and their probable impact on Global economic relations. 

A first article analyzed developments before June 2018, when it was presented to a conference in Bishkek, Kyrgyzstan, followed by a recent publication in a collective volume (The 'fair-trade strategy' of the new U.S. administration concerning China in "Cross-border exchanges: Eurasian perspectives on logistics and diplomacy," Peter Lang, Brussels, 2020). It is available at https://ssrn.com/abstract=3648057

It focused on the Trump Administration's trade initiatives about China framed in the American push for restructuring the global economic order.

The first section considered President Trump's business background to explain his economic focus and non-conventional economic policy and policy approach in general. Allying this with an assessment of the US economic and geopolitical position, I identified the patterns, directions, strategies, resources, and capabilities in the service of international trade policies.
The second section examined the trade actions of the US Administration regarding China. We applied patterns identified in the first part to understand the logic of American trade actions and evaluate their possible outcomes.

The following article analyzed developments before June 2019, as an update of a presentation made in April 2019 to a conference in Almaty, Kazakhstan. 
It analyzed the Trump Administration's trade policies with Eurasian state or non-state actors and will soon be published (Globalization 2.0? Legal implications for Eurasia of the new US trade-policies in "The Belt-and-Road initiative and the challenge of change in the legal and political systems of Eurasia," Peter Lang, Enjeux Internationaux, Brussels, 2021). It is available at https://ssrn.com/abstract=3648866 

The introduction assessed the new US trade policy's goals and tools through President Trump's open declarations. The first section identified the trade policy's strategies/tactics by analyzing the new US administration's actions, such as the tariffs on aluminum and steel or the renegotiation of KORUS or USMCA agreements.

A second section used this frame to apprehend the US Administration's trade actions concerning actors, such as the EU, Japan, China, or WTO, and determine the possible outcomes with disruptive impact on the last three decades' globalization process.

We estimate that the US administration's international trade policies will have a more consequential impact on global order than the Soviet Union's fall in the 90s.

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