?American consumption of domestic consumables is not growing as fast as many of the developing countries and Trump is manipulating the market by forcing Americans to buy or use local products by means of tariffs, sanctions, penalties, forced ownership (national security).
Here capitalism is working against itself. The rich, manufacturers, traders,investors are maximizing profits out of the locals because of the controlled market. Kind of legalised monopoly.
The consumers have little options but to accept higher cost for less while the same products overseas are getting cheaper, being produced by developing countries in an open market system. More efficient because of scale, large pool of cheap & skilled labor, materials and a world wide supply chain network and demand. Thus American companies have to maintain overseas manufacturing to remain competitive. This doesn't benefit the local Americans and goes against Trump policy.
In conclusion, American would inevitable be undermining its own economy by the very actions Trump is taking to "protect" Americans and at the same time losing world market shares. Many American companies are already feeling the consequences now and are taking legal action against Trump but the damages have already been done. Majority of customers live outside of USA.
There is no market between countries, only international agreements about investment flow, money exchange , laws governing the purchase of government bond by foreigners and so on .
So, saying things like "free international market" is like saying market based government taxation system.
The current international monetary and trade relations exist because the USA, as the biggest economy in the world did the next steps 1971 :
- Ended the gold backing of the dollar
-made it possible to foreigners buy USA investment vehicles, private or government without restrictions
-made it possible for anyone to export to the USA
These three point made the current world order, governed the development of China, Taiwan and so on, and this starting to crumble in the front of our eyes.
And it will destroy the known international order as well.