The U.S. Economic War under the Donald Trump Administration

• Authors: Przemysław Furgacz

Abstracts

EN

Though the use of economic war for realization of U.S. policy goals has a long history, it seems that the former U.S. president Donald Trump was definitely inclined to resort to this instrument of foreign policy more often and on bigger scale than his predecessors. The economic war appeared to be the favourite foreign policy tool of the Donald Trump. The Trump presidential administration clearly preferred economic over conventional war. The White House under the Trump was determined to withdraw its military involvement in the Middle East and other regions of the globe replacing it with severe economic pressure on its opponents and adversaries. The tools of economic war – primarily economic sanctions – were employed by Washington in recent years against the Russian Federation, the People’s Republic of China, the Islamic Republic of Iran, Turkey and Venezuela. Over the decades the U.S. intelligence community mastered the economic war tools to provoke bank runs, increased inflation, currency collapse, and shortages of crucial imported products or the combination of the above mentioned things for the purpose of destabilization of targeted economies and regimes. Washington particularly often takes advantage of the dominant position of U.S. dollar in the global economy and its control of the global dollar financial transfers system as a powerful economic weapon. However, the frequent usage of this weapon makes the targeted states inclined to de-dollarize as far as possible and as quickly as possible, which would be unbeneficial to the U.S. eventually.

Keywords

EN

U.S.; economic war; trade war; financial war; sanction; Donald Trump

• Publisher: Krakowska Akademia im. Andrzeja Frycza Modrzewskiego
• Journal: Krakowskie Studia Międzynarodowe
• Year: 2023
• Volume: XX
• Issue: 2
• Pages: 79-100

Dates

published

2023

Contributors

author

Przemysław Furgacz

• Józef Gołuchowski University of Applied Sciences

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Identifiers

DOI

10.48269/2451-0610-ksm-2023-2-004

Biblioteka Nauki

31341245