29The June 2025 issue of the journal “Voprosy Ekonomiki” opens with an article by Dr. of Science (Economics), Chief Research Fellow M.V. Klinova and Junior Research Fellow M.B. Kondratyev “The European Union in Donald Trump’s Global Trade War”.
The article examines the US trade policy reversal during the second term of Donald Trump’s presidency towards neo-protectionism, which contradicts the principles of the multilateral trading system and undermines transatlantic relations. The new Republican administration imposes tariffs and restricts trade flows, following a policy that weakens established global economic practices. This policy, aimed at reducing the trade deficit, national debt, and taxes, as well as revitalizing production in the US, may harm the American economy itself and trigger a global recession. Despite the deep economic interdependence between the US and the EU, the institutions of the Union, along with the leaders of individual member states, are determined to retaliate to safeguard their domestic industries. In this confrontation, compromises cannot be ruled out. The article provides an assessment of the economic impact of the duties imposed by Trump and examines the possibilities and limitations of the EU’s retaliatory measures.
This article was prepared with the support of a grant from the Ministry of Science and Higher Education of the Russian Federation for major scientific projects in priority areas of scientific and technological development No. 075-15-2024-551 “Global and regional centers of power in the emerging world order”.
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