The largest economy on the planet is quickly moving to a protectionist stance in its international trade. US president, Donald Trump, has spoken of withdrawing from the Trans-Pacific Partnership trade deal signed by his predecessor Barack Obama; renegotiating or abandoning the NAFTA trade deal with Mexico and Canada; imposing a 35% tax on every car imported to the US, and even threatening China with a 45% tax on its exports to the US. This could have important ramifications for the US and other world economies.
A protectionist policy