American trade policy between protectionism and economic dumping for the period of 2009-2021: implications for China and Iraq

Abstract

The main aim of the study is to investigate the American trade policy between protectionism and economic dumping for the period 2011-2021. The trade war between the United States of America and China is a serious issue in terms of international economic relations, which has negative effects on the global economy, especially those related to the low rates of international trade. Accordingly, the return of economic and trade relations between the two countries to their previous state will have positive effects on the developing oil economies, including the increase in oil prices in global markets. The increase in oil prices will lead to an increase in the trade exchange of Iraq with the countries worldwide, given that its economy is among the developing oil-dependent economies that depend on oil as the main source of its revenues. Likewise, it is in the economic interest of Iraq that China becomes the first trading partner after the value of trade exchange between the two countries reached 30 billion dollars in 2020, and the same is true for the United States of America, the second trading partner, as the value of trade exchange between the two countries amounted to 13.1 billion dollars in 2020.