... political discrepancies. Whether the EU will be able to leverage its programs for boosting real growth is an open question, especially amid growing pressure from the U.S. and China.
The United States: The Return of a Protectionist National Doctrine
With Donald Trump’s accession to power in January 2025, the economic policy of the United States finally took shape as a rigidly protectionist paradigm, its cornerstone being the aforementioned “Reciprocal Tariffs” initiative, officially presented by the new administration as a key tool for “restoring fairness” in international trade. All in all, nations imposing higher duties on U.S. products than the U.S. does on their goods automatically ...
... famously observed by Chinese President Xi Jinping when he
said
, “Our world is undergoing profound changes unseen in a century.”
Andrey Kortunov:
Can U.S. New Tariffs Trigger Structural Changes in Global Economy?
On April 2, 2025, U.S. President Donald Trump
unveiled
an early 20
th
-century type of economic policy, increasing tariffs on countries unseen since the
Great Depression of 1929
. From a
baseline
of 10 percent to a maximum of 46 percent, tariffs are now imposed on state allies and ...
Trump’s tariff hammer and the Mar-a-Lago Accord form a strategic triad—protectionism, fiscal relief, and geopolitical leverage—to reboot U.S. hegemony
Introduction
On April 2, 2025, President Donald Trump announced a bold escalation in U.S. trade policy, imposing a baseline 10% tariff on all imports and a specific 20% tariff on goods from the European Union (EU), up from the previous average tariff rate of 3.5%. [
1
] Framed as a countermeasure ...
What kind of order is it, if it is so easy to disrupt?
The Trump administration's recent announcement of "reciprocal tariffs" has made almost all countries victims of its protectionism. As Dmitry Medvedev, deputy chairman of the ... ... linked to numerous disruptions within the global economic system. On top of that, one should not forget that U.S. President Donald Trump continuously threatens to impose further restrictive economic measures, such as new tariffs on Russian oil consumers,...
