International Political Economy: Trump's Trade War and Global Economy

This report provides an in-depth analysis of the international political economy surrounding Trump's trade war. It examines the effects of tariff rates and trade deficits on the U.S. and global economies, highlighting the challenges posed by recession and economic slowdown. The report explores the historical context, political and economic theories influencing the trade war, and the complications and consequences of Trump's economic policies. It also identifies affected industries and proposes recommendations. The analysis draws on secondary sources and concludes with an evaluation of the U.S. government's decisions and potential reconsiderations.