Trump’s Challenge to the World’s Liberal Economic and Trade System

Abstract

The unexpected election of Donald Trump to the Presidency of the United States in 2006 has led to major changes in U.S. economic and trade policies in the first 2 years of the new administration in Washington. Some of these policies, both domestic and international, are very controversial and represent a major break with the past, and they have already had a major impact on the U.S. and on world economies.

This paper examines the reasons for the slow recovery and growth in the United States after the recent global financial crisis and “great recession”, the domestic and international policies actually adopted by the Trump administration to stimulate U.S. growth, and the effect of those policies, on the United States and the rest of the world.