As a result, he tended to transfer internal problems abroad. “If he wanted to make more history, he would have to focus more on domestic problems,” said the economist. According to her, Trump failed to create major new benefits for the United States. On the contrary, the question is whether his coercive style will not turn against them as a result. His steps led to the creation of various blocs and thus to the destabilization of the world economy. Many countries have also sought alternatives to the dollar.
According to Švihlíková, the world is now less stable, there are more tools that disrupt trade and financial flows. Trump’s very rapid changes in attitudes, the imposition of restrictions and the disruption of major NordStream-type projects 2 also contributed to this.
The rivalry with China will continue
She cited the Asian space and China’s growing influence as examples of the creation of new blocs. Whether a Republican or a Democrat wins the US presidential election, he will have to take into account the ongoing rivalry with China as an increasingly challenging challenger. For example, the issue of security or intellectual property will remain important for any US administration.
However, Švihlíková assumes that in the event of Joe Biden’s accession, the tools used would change. Compared to the Trump bet on bilateral negotiations, it would probably make more use of, for example, the World Trade Organization.
Trump chose various tools to stop China’s rise, but “Americans should look at their problems, which is usually more promising,” said Svihlikova.
In the next part of the show, she recalled Biden’s announced priorities – strengthening social elements, expanding Obamacare or green investment.
But whoever wins the US election, his position will not be strong, but rather fragile, the economist said. She pointed out that the United States is an extremely divided country and half the population does not have to recognize the elected president. Disputes over its legitimacy will thus continue. According to her, this will significantly limit the new or old-new president in enforcing his key proposals.
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