US Trade Policy in the Trump Administration

President Donald Trump has emphasized three recurring themes regarding trade policy: the importance of trade balances, including bilateral trade balances, currency manipulation to gain unfair advantage in trade, and “disastrous” trade agreements. Asia figures prominently in these concerns. Trump wit...

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Bibliographic Details
Published in:Asian economic policy review 2018-07, Vol.13 (2), p.262-278
Main Author: Noland, Marcus
Format: Article
Language:English
Subjects:
Agreements
C54
Donald Trump
Duress
Employment
F13
Free trade
international trade
Manipulation
Money
Negotiation
North American Free Trade Agreement
Presidents
Trade agreements
Trade policy
trade war
United States
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Summary:President Donald Trump has emphasized three recurring themes regarding trade policy: the importance of trade balances, including bilateral trade balances, currency manipulation to gain unfair advantage in trade, and “disastrous” trade agreements. Asia figures prominently in these concerns. Trump withdrew the United States from the Trans‐Pacific Partnership, is increasing contingent or process protection, demanding the renegotiation under duress of the North American Free Trade Agreement and the Korea‐United States Free Trade Agreement. These policies are modeled quantitatively and results generated for sectoral output and employment at the state and metropolitan area level.
ISSN:1832-8105
1748-3131
DOI:10.1111/aepr.12226