메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject

Research on U.S. Trade Policy Shifts under the Trump and Biden Administrations
Recommendations
Search

미국 무역정책의 대전환: 트럼프와 바이든 행정부 중심으로

논문 기본 정보

Type
Academic journal
Author
Jy-young Pak (한남대학교) HAN DONG-GYOON (한남대학교)
Journal
한국무역연구원 무역연구 무역연구 제20권 제4호 KCI Accredited Journals
Published
2024.8
Pages
165 - 212 (48page)

Usage

cover
Research on U.S. Trade Policy Shifts under the Trump and Biden Administrations
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
Purpose – For 75 years, U.S. administrations viewed free trade as a tool for leadership and growth. Trump, however, used it to tackle domestic issues and counter China. Despite criticizing Trump, Biden has continued his trade policies, combining them with an America First industrial approach. This paper explores the shift in U.S. trade policy and forecasts the future trade environment. Design/Methodology/Approach – This paper is structured as follows. Chapter II examines U.S.-China trade and relations under the Kissinger framework; Chapter III discusses and evaluates the major trade policy shifts of the Trump administration; Chapter IV reviews and assesses the key trade policies of the Biden administration. Finally, Chapter V summarizes the findings and offers insights. Findings – The debate over free trade vs. protectionism is intensifying as globalization impacts the U.S. economy. This paper argues that both parties now favor protectionism and government intervention. Trump aimed to reduce the trade deficit and confront China, while Biden prioritizes industrial policies to rebuild the middle class and counter China through alliances, seeing trade liberalization as outdated. Research Implications – The Trump administration’s trade policy shifted focus, reassessing China and free trade, setting the stage for Biden’s "America First" approach. This policy, blending trade and industrial strategies, addresses globalization's downsides. As U.S. trade hardens against China, South Korea, with a significant trade deficit with the U.S., should prepare for potential challenges related to subsidies, tariffs, and regulations.

Contents

No content found

References (0)

Add References

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Recently viewed articles

Comments(0)

0

Write first comments.