United States in Global Exports at the Beginning of the Third Decade

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Abstract

The article contributes to the discussion of the United States’ role in the international trade developments, focusing on its position in global merchandise exports under new geopolitical and economic conditions, as well as the export policy of Washington's administration. It highlights the latest trends in international trade, including America’s trade balance. While trade growth after the COVID-19 pandemic has been positive (both merchandise trade and services have exceeded pre-pandemic levels), this trend and its outlook remain unstable due to a number of risks including sanctions, geopolitical tensions. The transformation of the United States’ position in global exports at the beginning of the third decade occurring amid the formation of a new world order. While tensions between United States and China as the world's two largest trade partners remain, the United States is actively diversifying its trade partnerships. The effects of the U.S. export policy at the beginning of the third decade are not only short term but also long term, posing new challenges to international relations.

About the authors

L. F Lebedeva

Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)

Email: l.lebedeva@iskran.ru
ORCID iD: 0000-0002-4464-2916
Scopus Author ID: 56808936800
Doctor of Sciences (Economics), Professor, honored scientist of the Russian Federation, Chief researcher Moscow, Russian Federation

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