Joe Biden Is Moving Into The White House

Joe Biden Is Moving Into The White House

Donald Trump is history as US President. His Democratic challenger Joe Biden is moving into the White House. The hopes and expectations of the 46th President of the USA are also huge among German economists and business leaders. No wonder: with a previously unknown protectionism, trade wars and ever new threats to impose punitive tariffs on European and German products, Trump had repeatedly put economic decision-makers in this country into shock. Is the all-clear now? Barely. Even if the tone is likely to become more conciliatory under Biden - the basic patterns of American politics will not change that quickly, even in economic matters. Biden will also endeavor to keep more jobs in the United States or to bring them back there. In the future, the fight will continue to be tough. America's and Europe's unbalanced trade balances are still a fact. Just like the fact that US cars are taxed higher in Europe than vice versa. The result: the interaction with the USA will not be easy in the future either. The trade war between the USA and China, which was intensified under Trump, will probably not be resolved so quickly either. Why also? There has long been a non-partisan consensus in the USA that China, a major opponent of the system, is threatening America's prosperity. It is quite possible that the globalization movement is split between two poles - the USA and China. Biden's administration will expect Germany and Europe to side with the Americans. If that happens, it will be difficult to place yourself neutrally in the middle.