The “Trump Factor” and the Changing Face of Globalization

Abstract

The victory of Donald Trump’s administration not only meant a change in domestic socioeconomic policy, but also in the sphere of U.S. foreign ties; it has had a strong influence on the development trend of the world economy and trade. Taking the path of protectionism and confrontation with key trade and economic partners in Latin America, Asia, and Europe, Washington has attempted to break the status quo and transform the existing character of the globalization process. The “Trump factor” has become a key element in the formation of a new global order.

Keywords:

• globalization
• Trump’s presidency
• protectionism
• NAFTA
• Mexico
• integration mega blocks
• China
• the European Union

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The “Trump Factor” and the Changing Face of Globalization