While there have been a lot of analysis currently being conducted to analyze the recent trends across the
world towards a new era of protectionism, many of them are either in the realm of law or economics; there
is a dearth of studies analyzing them from a combined legal and economic perspective. Our paper is a
unique attempt in this regard. We show from both legal and economic perspectives, that the new regionalist
policy initiatives in UK and USA potentially have more negative effects than positive effects for the entire
world in the future
