摘要:President Trump ran an election campaign that ridiculed existing US trade policy. He la- beled NAFTA a “disaster”, claimed that China was “raping” the US, and referred to the Trans-Pacifi c Partnership (TPP) as a “job killer”. Once in offi ce, he immediately issued a memo withdrawing the United States from the TPP and called for a renegotiation of NAFTA. Trump has repeatedly threatened a “border tax” that will affect fi rms that move production outside the United States. His confrontational approach to international trade will at best be intermediated by the World Trade Organization and at worst lead to retalia- tion and an unraveling of existing trade agreements.