Just six months into his second term, President Donald Trump has used the United States’ economic might and security umbrella to secure promised trade deals and reshape the global trading environment.
The recent string of successful trade negotiations with both the European Union and Japan—two of the United States’ largest trading partners and important allies—marks a reappraisal by both these players, who initially resisted efforts by Trump to remake global trade.
Both Japan and the European Union appear to have made significant concessions to the United States. Both have accepted a base level 15% tariff by the U.S. on imports and promised to invest in the American economy and buy American energy. Both parties received few trade concessions in return.
Prof: Trump using the “disruptive approach”
In securing these deals advantageous to the U.S., President Trump and his administration are likely to view their tough negotiating strategy—and leveraging of tariffs and trade barriers to shape other countries’ behavior—as vindicated. It may impact the way the United States interacts with its trade partners for decades to come, reshaping the post-war economic order.
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Author: Ray Hilbrich
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