The Impact Of Protectionism On The Us Position In The International Arena

NameProfessorCourseDateThe Impact of Protectionism on the US Position in the International ArenaIntroductionIn modern conditions, nationally-oriented states have realized the pernicious nature of excessive liberalization of economic systems, which is confirmed by the strengthening of protective state measures. Today, a self-regulating market exists only as a utopia. In practice, strict regulation of economic processes is observed. In the prevailing circumstances, nationally-oriented states in every way try to protect their producers by imposing more and more trade restrictions on importers, despite the restrictions imposed by the WTO and other organizations and multilateral agreements.The USA is not an exception to this rule. Currently, the primary goal of Trump`s administration is, by imposing tariffs, to protect the domestic producers and enhance their international competitiveness. This paper will focus on the implications of the protectionism on the US economy and political relationships with other states. As for the methodology utilized in this research, one should mention both textual and content analyses. The argument that protectionism will lead to the deterioration of the position of the USA in the international arena, as well as further isolation and escalation of the tensions between the country and the rest of the world, constitute the hypothesis of the