Object

Abstract:

The purpose of this article is to answer the question whether the current trade policy of the President Donald Trump’s administration, aimed at greater protectionism and isolationism in international trade, may result in undermining or even dismantling international trade order as we know it for the last several decades. Taking into account unfolding trade war between the United States and the People’s Republic of China special focus is given to potential new trade warbetween the US and the European Union. In order to narrow the scope of the paper’s analysis and to best illustrate the prospect of the EU-US trade war special attention is given to historical and current trade disputes between both parties over agri-food products, including hormone-treated beef, bananas, GMOs, poultry meat treated with bactericidal substances, Spanish olives and American soybeans. In conclusion of this paper it is explained thatdue to several reasons the new US-EU trade waris highly unlikely. This said it is also concluded that current stance in international trade taken by the White House, although very controversial and openly confrontational, poses no real threat to modern international trade order.

Date issued:

2018-12-19

Identifier:

oai:ribes-88.man.poznan.pl:1404 ; doi:10.37055/sbn/132145 ; oai:editorialsystem.com:article-132145

Print ISSN:

2082-2677

Publisher ID:

132145

License:

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Starting page:

425

Ending page:

438

Volume:

14

Issue:

2

Journal:

SBN

Keywords:

international trade ; trade war ; dispute ; tariffs ; President Donald Trump ; United States ; European Union ; the People’s Republic of China ; World Trade Organization ; conservatism ; agri-food products