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Protectionist US Policy and Expansionary Fiscal Policy: Ongoing Contradictions

  • Paul J. J. Welfens
Chapter

Abstract

This chapter considers the development of US trade policy and fiscal policy under the Trump Administration. Several inconsistencies are identified and the medium-term challenges which can be expected are identified. Since the US is a big economy, Washington’s protectionist tariff policy and inconsistent fiscal policy are shown to have direct negative medium-term effects on the US as well as negative effects on Europe and Asia/China. This US populist policy approach in turn will cause new conflicts and problems.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Paul J. J. Welfens
    • 1
  1. 1.European Institute for International Economic Relations (EIIW)University of WuppertalWuppertalGermany

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