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Biden vs. Trump: market impacts of election previewed

Biden vs. Trump: market impacts of election previewed
The upcoming elections are crucial as it may have critical effects on the global economy and the country's foreign policy

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The upcoming US national polls are expected to have a significant impact on the global economy and the country's foreign policy, according to a new report from the Amundi Investment Institute. The report highlights the likelihood of both presidential contenders adopting protectionist policies, with Trump expected to announce dramatic policy shifts including higher tariffs and increased deportation of undocumented immigrants. Meanwhile, Biden is anticipated to maintain the status quo with a targeted expansion of protectionist industrial policies. Geopolitics and foreign relations also remain a key issue, with Biden expected to maintain an interventionist stance and Trump likely to increase trade restrictions and economic sanctions. The report also notes potential risks for both candidates, including escalating conflicts in the South China Sea and between Israel and Lebanon. The upcoming elections are poised to have far-reaching implications for the US and its allies abroad.

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