Objectively, the United States is providing growth to the rest of the world

F irst , we should point out that US protectionism in its current form has no negative effect on global growth. We then have to look at the positive effects on global growth of: The expansionary fiscal policy implemented in the United States; The surge in oil production in the United States, which is driving down the global oil price; The fact that dollar interest rates are being kept low relative to growth.