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Trade wars and protectionism have again become major issues in global economic dynamics, especially since trade tensions between the United States and China began in 2018. This research aims to analyze tariff policy as part of a protectionist strategy in the context of the political economy of bilateral trade relations. Using a qualitative approach with case studies and document analysis, data were obtained from policy reports, scientific journals, and trade statistics. The results show that tariff policies are often not purely based on economic considerations, but are also influenced by domestic political interests, industry group pressure, and global negotiation strategies. On the other hand, these policies have a significant impact on the structure of bilateral trade relations, trade volume, and global supply chains. Indonesia as a partner country is also affected, both directly through changes in export-import values, and indirectly through supply and investment disruptions. Policy implications show the importance of developing countries' preparedness in anticipating changes in global trade policies and encouraging the formulation of adaptive and competitive national strategies. This study provides recommendations for policymakers to balance national interests with global dynamics.

Geopolitical tensions have evolved from peripheral risks to central drivers of global capital flows, disproportionately affecting Emerging Markets (EMs). This study provides a comprehensive bibliometric mapping of the academic landscape linking geopolitical dynamics, international finance, and investment in EMs. This study uses a dataset of 1,039 documents extracted from high-impact databases to analyze performance and conduct science mapping with R-Bibliometrix. The analysis covers publication trends, citation structures, and conceptual evolution over the last century, with a focus on the surge in literature post-2018. Results indicate an exponential growth in scientific production, peaking in 2024. The thematic structure reveals a shift from traditional debt crisis narratives (1990s) to contemporary concerns regarding sanctions, protectionism, and trade policy (2020s). Network analysis identifies three distinct clusters: (1) International finance and market mechanisms, (2) Political economy and development in the Global South, and (3) Institutional governance (IMF/World Bank). This paper bridges the gap between political science and financial economics by visualizing how international finance serves as the dominant anchor connecting developed economies (the USA and the UK) with key emerging markets (China and Indonesia) amid rising global fragmentation.

International trade is the main pillar of global economic development. For Indonesia, international trade policy plays a strategic role in encouraging economic growth. As a country rich in natural resources and with a large population, Indonesia has the potential to be significant in the global value chain. However, fluctuations in commodity prices, competitive pressures, and protectionism of trading partners are obstacles that need to be overcome. This study examines the impact of international trade policies on Indonesia's economic growth through a literature study. The analysis focuses on the influence of tariff regulation, free trade agreements, and non-tariff policies on the competitiveness of national products and the protection of domestic industries. The results show that trade policies are effective in creating synergies between exports and economic growth, although challenges in the form of dependence on primary commodity exports and the need to increase manufacturing competitiveness remain. This study recommends strengthening infrastructure, improving the quality of human resources, and sustainable economic policies as strategies to optimize international trade for national economic development.

This research discusses the impact of EU energy protectionism in the face of global challenges such as the Covid-19 pandemic and the energy crisis due to the Russia-Ukraine conflict. Those two major events reveal the risks of over-dependence on foreign suppliers and the lack of diversification in the EU supply chain. As a solution, the EU has implemented various policies, including RePowerE, Carbon Border Adjustment Mechanism (CBAM), and Green Deal Industrial Plan (GDIP), to reduce dependence on energy imports and increase domestic renewable energy production. Through the analysis of neoliberalism and Game Theory approaches, particularly the Prisoner's Dilemma concept, this article explores the implications of protectionist policies on international trade stability. The analysis shows that while protectionist policies can strengthen the EU's energy independence and domestic security, they also have the potential to trigger international trade tensions and protectionist retaliation from other countries.