ⅠApplication of MercantilismMany nations adopt the mercantilism as trade strategy which aims to simultaneously boost exports and limit imports.They equate political power with economic power,and economic power with a balance-of-trade surplus. I. Application of Mercantilism to United States adopt the mercantilism as trade strategy which aims to promote boost exports and limit imports.They equate political power with economic power, and economic power with a balance-of-trade surplus.