US foreign trade policy as a tool for protecting national interests

Abstract

National economic interests are changing in terms of high competition in the world economy, and its global players foreign trade policy direction is correlated with the protectionist sentiments of the United States. The purpose of the study is to identify and analyze the evolution, correlation and new trends in the mechanisms of US trade policy. As a result of the analysis of four mechanisms (international organizations, the official financing system, international integration, tariff and non-tariff regulation, as well as their variations in the form of trade wars and sanctions within the framework of a trade war instrument), authors describe the theoretical, evolutionary and practical aspects of protecting national interests and their impact on the world economy. The authors opinion on the place and role of sanctions in the system of trade policy mechanisms is presented, the sanctions economic aspect in the framework of trade wars is highlighted.

Keywords

• foreign trade policy
• international organizations
• economic integration
• trade regulation
• national interests