“Trade without Trump: The Way Forward, a European Perspective”, Ferdinando Nelli Feroci (IAI, Italy)

IAI Commentaries, 18:29, May 2018.

President Donald J. Trump’s protectionist measures are not new to US politics. Previous presidents have adopted similar measures, authorized under trade law provisions that enable the government to protect national industries from foreign competition under certain circumstances for a limited period of time. What is new about Trump’s protectionist measures is the insistence on deficit reduction as a strategic objective. Also new is that Trump’s criticism of the international trade system is an element of a more general strategy aimed at questioning the international economic and financial regime the US has itself designed and implemented.

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