Abstract:

Trump’s administration, withdrawn from the Trans-Pacific Partnership Agreement, questioned the North American Free Trade Agreement and went on the way to re-establish an agreement, made currency manipulation, brought additional customs taxes on the steel and aluminum products it imported. The United States and China, the two largest economies in the world, have brought to each other billions of dollars of customs taxes. The U.S. trade war with China has its objectives such as closing the foreign trade gap, limiting and circumventing China. Protecting policies in the economy and trade are reacting to the United States, in the international economy, trade and politics; countries like China, France, Germany and Turkey are reacting. The United States, which has the world’s largest economy, is pursuing protective policies by instrumentalizing its currency advantage, technology, economic and commercial superiority. Thus, the United States is trying to preserve its hegemonic power in the international system by using economic nationalism and trade wars from the new conservation perspective. The conservative policies implemented by the U.S., a capitalist country, are predicted to cause long-term great damage to the U.S. by the bumerang effect. In the international economy, states that are mutually dependent on free trade are forced to follow the policies that the United States follows. International trade conducted in accordance with free market conditions is damaged by the protective policies of the United States. The study concluded that the protective policies of the United States were not in line with the free market and freedom values identified with the United States, and that these policies would eventually cause economic and political losses to the United States.

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