Biden, an experienced politician who has spent the past few years as a relatively conservative candidate, has put the economy at the center of his 2024 reelection platform, a bold and potentially risky move as he ignored months of warnings that the U.S. economy could be in a recession.
Whether "Bidennomics" can help him win reelection remains to be seen. However, some observers point out that Biden's policies, while eye-catching, avoid the inherent problems of the US economy, such as high inflation and banking crises. Although he has emphasized the so-called economic "report card" in his speeches, in fact, the Federal Reserve has raised interest rates sharply over the past year in response to the economic difficulties caused by the COVID-19 pandemic and other factors. However, the result is that prices continue to soar, consumer spending is increasingly weak, and demand for imports from China is also declining.
3. What might happen if Trump is re-elected?
Trump may continue his previous practice guatemala whatsapp resource of sending out tweets in the middle of the night to announce large-scale tariff increases, causing global unrest and making people panic and uneasy.
Internationally renowned economists said that Trump believes that the trade relationship between China and the United States is unequal. He believes that the United States has opened its market to China, but China has not responded in kind. China has excluded American companies from China through various tariffs or non-tariff barriers. If Trump is re-elected, he may work to change this unequal situation.