Trade Wars of the USA, China, and the EU

The book makes an effort in investigating the present and future developments in the global economy, after the 2008 global financial and economic crisis. The results of the global crisis were devastating and destructive all around the world. The USA economy took significant damage when the crisis went into Europe, and it turned out a foreign debt crisis influencing European economies, including Iceland, Ireland, Greece, Spain, Italy. Consequently, the economic crises gave impetus to social uprisings and protest, and this led to giving populist and nationalist politicians the advantage to take the control of government. President Trump's “First USA Policy,” then, European populist and anti-EU politicians including, Le Pen, Wilders, Salvini, and Nigel Farage attack the post-war global economic order and structures like the European Union to vanish the full benefits and wealth of globalization process. After the crisis, the global economy evolved into protectionism, depending on the coming to power of populist leaders. President Trump entered into a great trade war with the European Union and China, later on. In this frame, the study examines the effects of populism/protectionism, which has upsurged after the 2008 crisis, on the global economy in various dimensions.

The deterioration of transatlantic and transpacific economic relations has created serious problems over the global economy. The existing weaknesses of the institutions that regulate the global economy could not influence the economic decisions of the great powers, nor could they shape the tendencies of the global economic giants. The trade wars that broke out between the USA and the EU, and then between the USA and China, had serious, cooperation disrupting effects on the global economy.. The work edited by Altuğ Günar focuses on a rather remarkable question of bringing together Turkey's leading academics together. The study tries to discuss the issue in various dimensions by focusing on populism, trade wars, and issues on the global economy., The study aims to assess populism and the global economy by focusing on the trade wars between the EU and China, and the USA. By discussing the trade wars among the leading economic powers of the world with different dimensions in this period, in which protectionism has risen and global economic cooperation has been damaged, has been tried to be put forward by considering it from different dimensions in the study., This work, edited by Altuğ Günar, takes the picture of the global economy under the shadow of populism and protectionism measures, which affected the whole world after the 2008 crisis and reached its peak with the election of Donald Trump in the USA in 2016. The different and well-chosen topics in the book elaborate the global economy in various dimensions. This age of conflict experienced by the economic giants that keep the Transatlantic and Transpacific economic relations alive will undoubtedly have huge effects on the global economy. For this reason, Günar's work stands out as a key reference source., The study, which deals with Trade War and Populism as a central issue, distinguishes significantly from other studies in this period when global protectionism has risen, and global economic governance has deteriorated. This period, in which the economies between the East and the West have deteriorated, and the Transatlantic relations and Transpacific relations have been seriously damaged, seems to create important tensions and opportunities that will determine the direction of the global economy in the future.

Altuğ GÜNAR works as an Associate Professor at Bandırma Onyedi Eylül University in 2018.