Impact of US Economic Nationalism on Liberal Trade Order
Since Donald Trump took power as president, significant change occurred in US behavioral pattern. Trump by adopting economic nationalism approach, which is based on State-centric and protective policy, has challenged international trade order. With regard to that, this article aims to answer to this question how US economic nationalism impacted trade order of the international economic? Also what are the aims of the US by adopting economic nationalism? And to achieve the goals what strategies were chosen by the country? The findings reveal that the US new administration, aimed at maintaining the country’s world hegemony and its favorite order and development and economic security which guarantee its national security, has prioritized economic nationalism. Though this policy supplies the US demands, however it has negative impacts on international trade order. The Economic nationalism policy through damaging national economic of other countries, creating international economic stagnation, and eventually deactivating international treaties and creating destabilation in international economic has weaken liberal trade order. The research method is analytical- explanatory and the mercantilism theory has been used for explaining the subject matter.
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