The United States’ New Outlook on Transatlantic Partnership (US-European Controversy)
DOI:
https://doi.org/10.33423/jabe.v22i2.2801Keywords:
Business, Economics, EU, mercantilism, protectionism, trade war, Trump, TTIP, United StatesAbstract
The specifics of D. Trump’s presidency highlighted and exacerbated disagreements, obscuring the transatlantic similarity and kinship. Nevertheless, contrary to alarmist assessments, the West as a political community has a high chance of surviving this unusual presidency, after which the political pendulum of US policy could well swing in the opposite direction. A systematic approach has been applied to the study of trade and economic relations between the USA and the EU. Finally, there was revealed that the US withdrawal from the TTIP is strategically unlikely to change the foundations of the Transatlantic relationship, but it can certainly create tension between the allies. Thus, given the unpredictability of the decisions made in the White House, this paper will analyze their effect on US-EU trade relations.