The US foreign trade policy is aimed at realizing the country’s economic, scientific and technological advantages in world economic interaction, at strengthening its global influence, and expanding international trade exchange.
A variety of means and methods of trade policy are dependent on the interests of national security and economic growth. US ruling circles are expanding opportunities for the sale of American goods in foreign markets by removing barriers, increasing the efficiency of procedures.
Depending on the situation in the US and in the world, foreign trade policy may change. Based on national interests, pursuing a policy of free trade, the United States retains a wide arsenal of means to restrict imports and exports.
At present, the main task is to ensure the access of American goods to the world market, for which everything possible is being done to remove barriers. One of the features of US policy is ecology and social and labor relations. Since they play an important role in the export of US products. Negative changes affect exports.
The US is interested in developing trade with the countries of the Asia-Pacific region, and to conclude bilateral agreements with countries with which there is no agreement yet.
The United States is also engaged in a dialogue with China about the restrictions imposed by China on the import of certain types of products.
The United States also signed a free trade agreement with Colombia.
The development of foreign trade has a positive impact on the country’s economy due to an increase in the sale of products and a decrease in its cost. Competition by other countries improves product quality, increases productivity. The United States has been developing its ideological values for many years.
Most states use trade relations for economic growth and improving the quality of life of the population. Foreign trade is an important element of the economy. By expanding the boundaries for American goods and services, free trade creates the conditions for US economic growth.
Foreign economic relations satisfy the needs of society for goods and services.
- Approval of new agreements.
- Put up a barrier to the wrong policy.
- Act Against corruption.
- Provide the opportunity to develop
Recently, new trends in US trade policy have emerged. This is the convergence of industrialized countries.
USA and Russia.
The consequence of the sanctions in 2014–2016 is a decrease in trade between them. In 2017–2018 the situation began to improve.
Goals of US negotiations with Canada and Mexico
- Access to world markets.
- Dispute settlement.
- Economic growth.
- Support trade policy by other countries.
- Environmental protection
Trade Priorities Law
- Observance of sanitary rules.
- Transparency of tariff rates
- Most favored nation
- Preferential rates
- These rates are higher than current
Import bans apply in trade with Syria, Iran, North Korea.
State control over the export of goods is aimed at protecting national security.
The country has a well-developed export support and financing system. The U.S. has a low share of agricultural commodities.
Trade Policy of USA and China
The conflict began in 2018 when the President of the United States met with the President of Taiwan. In 2017, exports from the US were $187.5 billion and imports to the US were $522.9 billion. The US government has introduced tariffs on the import of solar panels and washing machines, steel and aluminum. In October 2019, the US and China agreed to ease trade duties on imports.
The US and China produce two-fifths of the world’s GDP, hence the conflict between the US and China influences the whole world.
The trade conflict between the US and China is the cause of other contradictions. So the United States banned the sale of the Chinese company Huawei on its territory and urged its partners to support them.
Dr. Yaşam Ayavefe
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