Keywords: Protectionism
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Journal Articles
Studies in Economics and Finance (2026) 43 (1): 224–238.
Published: 18 November 2025
... and rationale of these tariffs appear to reflect a continuation and intensification of the unilateral protectionism also observed during Trump’s first presidency between 2017 and 2021 (Fetzer and Schwarz, 2021). In both periods, the central stated goal was to reduce trade deficits through direct, aggressive...

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