Trump's Tariffs and the U.S. Multinational Firm
Abstract
Craig Medlen dissects the logic behind the Trump administration's efforts to impose tariffs as a way to counteract "unfair" U.S. trade deficits. Situating these deficits in the longer history of U.S. trade hegemony and its crumbling position in the global economy, Medlen uses incontrovertible data to illustrate how mainstream economic orthodoxy fails to acknowledge the effects of foreign inputs that integral to the workings of U.S. monopoly capital.
Fields of Study & Subjects
Political Economy and Marxism
Global trade and economics
World Systems and Global Transformations
Publication details
- Journal / source
- Monthly Review
- Pages
- 44–55
- Publication date
- 1 March 2026
- Language
- EN