United States in Global Exports at the Beginning of the Third Decade

The article contributes to the discussion of the United States’ role in the international trade developments, focusing on its position in global merchandise exports under new geopolitical and economic conditions, as well as export policies of the Washington Administration. It highlights the latest trends in international trade, including America’s trade balance. While trade growth after the COVID-19 pandemic has been positive (both merchandise trade and services have exceeded pre-pandemic levels), this trend and its outlook remain unstable due to a number of risks including sanctions and geopolitical tensions. The transformation of the United States’ position in global exports at the beginning of the third decade is happening as a new world order takes shape. While tensions between the United States and China as the world’s two largest trade partners remain, the United States is actively diversifying its trade partnerships. The effects of the US export policy at the beginning of the third decade are not only short-term but also long-term, posing new challenges to international relations.