The Impact of Trump Administration's 2nd Term Trade Tariffs on the US and World Economy

Author(s)	Mr. Arunabh Laha
Country	India
Abstract	The return of Donald Trump as the president of the United States has resulted in a serious reshaping of international trade movements by virtue of tariffs and economic safeguarding. The paper will examine the effects of the newly brought policies on international trade with a special focus on economic growth, geopolitical relations. Using the available and existing economic data & analyses, the paper aims to scrutinize the impact of the policies on key industries such as agriculture, automobiles, manufacturing, both in the US and its major trading partners across the globe such as Canada, Mexico, China, European Union, and others. The research will also be able to analyze the probable supply chain disruptions, retaliatory policies and what it could mean for the various global economic coalitions. Early reports suggest that while many small domestic industries have benefitted from these newly brought trade policies by the Trump Administration, economies across the globe have started to experience increased inflations, heightened market instability and a redundant economic growth.
Field	Sociology > Economics
Published In	Volume 7, Issue 2, March-April 2025
Published On	2025-03-29

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