THE TRUMP POLICY VS. GLOBAL TRADE TRANSFORMATION

Fazliddin Djamalov, Ashwin Raghuraman

Xalqaro munosabatlar · 2025-yil

Annotatsiya

Donald Trump’s second term, starting in 2025, has intensified U.S. trade policy with tariffs on over 70% of goods imports, driven by the Heritage Foundation’s Project 2025 and economic nationalism. Targeting China with rates exceeding 100%, the policy seeks to decouple from rivals, revive manufacturing, and assert economic sovereignty. Central Asia, notably Uzbekistan, faces rising costs but sees opportunities as alternative hubs. The UK and Japan navigate limited tariff relief, while BRICS counters with de-dollarization. Legal challenges, like V.O.S. Selections, Inc. v. Trump, and the Trade Review Act of 2025 highlight domestic tensions. Three scenarios—trade war, selective détente, or BRICS-led realignment—shape the global trade future, forcing smaller economies to balance risks and leverage in a fractured system.

Maqola ma’lumotlari
MualliflarFazliddin Djamalov, Ashwin Raghuraman
JurnalXalqaro munosabatlar
Nashr sanasi2025-01-01
Jild3
Son1
Tilen
DOI10.63407/629009

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