Biden Faces a Global Economy That's Tired of U.S. Antics
A challenge for the President-elect will be strengthening a multilateral framework that is badly in need of repair.
U.S. President-elect Joe Biden waves.
Photographer: Angela Weiss/AFP
The election of Joe Biden as U.S. president has prompted sighs of relief across the world — not least because his White House is expected to be a boon for the international economy.
Donald Trump’s erratic behavior on trade and currencies has weighed on foreign companies and governments while doing little to fulfill his domestic objectives. Even though it’s hard to say precisely how damaging the U.S. president’s economic agenda has been, especially with the recent Covid crisis, it’s caused enough uncertainty to undermine key global relationships and institutions. A challenge for Biden will be strengthening a multilateral framework that’s badly in need of repair.