After a tumultuous, often unpredictable and norm breaking term under the Trump Administration, what can Asia and the world expect from the US under incoming President Biden?
January 07, 2021 | TABInsightsFollowing a heavily contested election and completion of procedural formalities by the electoral college there is finally clarity on the outcome of the US electoral process. Joseph R. Biden Jr. will be sworn in as the 46th US President on 20 January, 2021 and along with it a new administration will assume charge of the executive branch of the government. The transition process has been a tumultuous one as claims of voter fraud and election interference by malicious foreign actors have called in to question the legitimacy of the results necessitating a limited legislative and judicial review of this exercise.
Despite the uncertainty, President-elect Biden quietly prepares to take office and has begun to assemble key members of his executive team while also commencing policy planning and formulation. Leaving geo-politics aside and the fast-changing strategic realignments, an important consideration for key stakeholders in the region is centred on the incoming regime’s economic and trade policy and its ensuing implications for all participants involved.
Syed Razif Al-Idid,
Head of CIMB Private Banking Singapore
Alicia Garcia-Herrero,
Chief economist – APAC at Natixis
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Keywords:Multilateralism, Supply Chain, Phase One Trade Agreement, Tariffs, Joseph R. Biden, United States President
