Agricultural Trade Policy: ‘America First’?

dc.creatorAhrendsen, Bruce L.
dc.date2017-12-31
dc.date.accessioned2021-06-28T11:16:16Z
dc.date.available2021-06-28T11:16:16Z
dc.descriptionThere has been a growing openness and importance in trade over time as indicated by an increasing ratio of trade to gross domestic product for the World. However, some recent movements have been more protectionist and less open to trade. The potential impacts of less trade are explored with the United States (US) taken as an example. Trade agreements have been important in increasing trade by the US, particularly for US agriculture which has had a trade surplus since 1959. Countries should benefit from trade according to economic theory. However, stances taken by the US administration during the first half of 2017 have resulted in the withdrawal of the US from the Trans-Partnership Agreement and an announced renegotiation of the North American Free Trade Agreement. With falling US farm income, the potential undoing of trade agreement benefits, and possible trade retaliations, US agriculture is concerned about any potential disruption in exports and losses from less trade. In addition, US consumers and importers of US agriculture should be concerned about a potential decrease in trade. JEL Code: Q18
dc.formatapplication/pdf
dc.identifierhttps://ojs.lib.unideb.hu/apstract/article/view/6992
dc.identifier10.19041/APSTRACT/2017/3-4/13
dc.identifier.urihttp://hdl.handle.net/2437/317833
dc.languageeng
dc.publisherUniversity of Debrecen, Faculty of Economics and Business
dc.relationhttps://ojs.lib.unideb.hu/apstract/article/view/6992/6426
dc.rightsCopyright (c) 2017 University of Debrecen, Faculty of Economics and Business, Hungary
dc.sourceApplied Studies in Agribusiness and Commerce; Vol. 11 No. 3-4 (2017); 89-93
dc.source1789-7874
dc.source1789-221X
dc.subjectAgriculture
dc.subjectpolicy
dc.subjecttrade
dc.subjecttrade agreement
dc.titleAgricultural Trade Policy: ‘America First’?
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typePeer-reviewed Article
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