Essay写作- Effects of Donald Trump’s Trade Policy

www.lxws.net meeloun论文网 专业留学英文论文代写网站Essay写作- Effects of Donald Trumps Trade Policy唐纳德·特朗普贸易政策的影响Normative Effects and Prospects on President Donald Trumps ProtectionismAbstractA newly elected president of the United States of America, Donald Trump has been acknowledged for several radical policies. Concerns from all over the world for his protectionism has risen as he took steps to enforce policies. The United States has been reviewing free trade agreements (FTA) with numerous countries, attempting to impose a tax on foreign products so, domestic manufacturing industries could able to compete and outsell. In short term, it would create the instant profit. There were mainly two concepts of protectionism; imposing a tax on foreign products, and limiting the number of imported goods. However, there were professional worries internationally, even inside of this country as well. There were feasibilities to lose domestic corporations willingness to invest in research and development and competitiveness in other countries, resulting in degeneration of domestic industry.Foundation of StudyDonald Trumps Presidential election attracted worldwide attention. There are lots of views that are conflicting each other on the new U.S Presidents political outlook. Protectionists argue that protection will lead to greater prosperity and strength (Merry, 2016). Trumps base is profoundly suspicious of American engagement abroad. He opposed stubbornly of Clinton on foreign policy. He has doubted what the U.S. gets out of core alliances with NATO, Japan and South Korea (Powell, 2016). One the other hand, anti-protectionists assert that the changed policy will boost the rate of inflation and ultimately depress U.S exports. This new condition is an ill bode for the proposed twelve-nation Trans-Pacific Partnership, designed to usher in a new generation of free-trade deals (Merry, 2016). This research examines how Trumps shift in trade policy will affect U.S.Background of the ProblemProtectionism is the opposite term with free trade that is trying to close and isolate its country by giving control, like taxing goods and services made from overseas. Trump wants to protect American manufacturers and workers by throwing away the free-trade principle. All of the policies regarding international trade, protectionism in this research, such as the decision to withdraw from the TPP, decision to renegotiate NAFTA and FTA, and decision to impose great amount of tariffs (Panchak, 2016), contain strength and weakness, and entail positive and negative impact on global economy: Therefore, politicians must undergo prudence process of thinking and meeting in every respect, includes (a) advantages on protectionism, (b) disadvantages on protectionism, (c) opposite policys merits and demerits (free trade), and (d) solution.Problem StatementThe United States, as well as other various countries, had taken action to protect their home industries after the global financial debacle. The international financial crisis caused not only economic uncertainty about the world economy, but also delay on economic recovery after the global financial debacle. Especially, the United States posted a huge amount of trade deficit for several years (Hannon, 2016). Trump attributes the cause to other partner countries. For example, he blames that China had been manipulated their currency selfish interest, and exerts his pressure to administration to trading partners. “Donald Trump says hell declare soon after he takes office that China is a currency manipulator because it is devaluing the yuan against the dollar. He may want to rethink that. These days China is intervening in the capital markets to prevent the yuan from going into free fall. The currency is now close to an eight-year low, down 12% from its peak in January 2014 (Wall Street, 2016).” Todays enthusiastic debate over US trade policy with the vast tariff debate of the late 19th century. The 2016 presidential campaign trumpets the return of protectionism. Mirroring the paranoia of Republicans past, those who support free trade initiatives are now charged with being part of a great conspiracy to attenuate American democracy (Palen, 2016). The central research question examined in this study is the following: How will the revised policies, originated from “Make America Great Again” campaign, affect the U.S and other countries?Presentations of FindingsProtectionism helps domestic industry in competition by charging high imported tax to foreign products. There is unfortunate story that imports killing the Mon Valley caused by the free trade. It states, “The more I read of local businesses and factories shutting down, workers being laid off, towns dying as imports soared. The more I began to ask myself, the price of free trade in painful” (Merry, 2016). However, Protectionisms negative effects would hit even more to the U.S. the worlds largest economy while res