US foreign trade policy as a tool for protecting national interests

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Abstract


National economic interests are changing in terms of high competition in the world economy, and its global player’s foreign trade policy direction is correlated with the protectionist sentiments of the United States. The purpose of the study is to identify and analyze the evolution, correlation and new trends in the mechanisms of US trade policy. As a result of the analysis of four mechanisms (international organizations, the official financing system, international integration, tariff and non-tariff regulation, as well as their variations in the form of trade wars and sanctions within the framework of a trade war instrument), authors describe the theoretical, evolutionary and practical aspects of protecting national interests and their impact on the world economy. The author’s opinion on the place and role of sanctions in the system of trade policy mechanisms is presented, the sanction’s economic aspect in the framework of trade wars is highlighted.


About the authors

Lora N. Fedyakina

Peoples’ Friendship University of Russia (RUDN University)

Author for correspondence.
Email: fedyakina-ln@rudn.ru
6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation

Doctor of Science (in Economics), Professor of the International Economic Relations Department of the Faculty of Economics

Arina A. Tinkova

Peoples’ Friendship University of Russia (RUDN University)

Email: tinkova-aa@rudn.ru
6 Miklukho-Maklaya St, Moscow, 117198, Russian Federation

master of the International Economic Relations Department of the Faculty of Economics

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