The Role of the Economy in the U.S. Presidential Campaign
The COVID-19 pandemic has hit the U.S. economy hard, including causing high unemployment. This weakens the incumbent president, Donald Trump, and increases challenger Joe Biden's chances of victory. For the EU, a Biden presidency may mean, for example, an easing of trade disputes with the U.S. and cooperation on climate protection. However, whichever wins, Biden or Donald Trump, the U.S. will pose a challenge to the EU and European companies, which may find it difficult to compete with the high level of support of U.S. companies.
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