As the 2024 presidential election approaches, global policymakers are strategizing around potential shifts in U.S. international trade policy, influenced by the candidates' debates.
The first Trump presidency drastically altered U.S. trade policy, shifting towards nationalism and populism, with strategies aimed at countering China and reviving American industries.
Economic studies highlight that Trump's trade policies resulted in significant economic drawbacks, with estimations showing a decrease in U.S. real income by $1.4 billion monthly by late 2018.
Biden's approach as the election approaches signals a continuation of concerning trends, as evidenced by the stalled reforms and ongoing challenges in U.S.-China trade relations.
#2024-presidential-election #international-trade #us-economic-policy #china-relations #trump-administration
Collection
[
|
...
]