The presidential elections to be held in November USA They are of great importance, as always, for the economic context not only of this country, but of the entire world, since the American economy continues to be, today, the first economy in the world and the one that acts as a global economy. engine, despite the surge of the Chinese economy and others emerging economies.
We cannot therefore experience these elections as something that does not concern us, because in all areas -since the social to militarythrough the technological – influences us, the economic being one of the facets in which it has the most influence on the rest of the world, or rather, since the economy is linked to all sectors, this transversal element makes it very relevant influence.
Well, expectations they are not good at all for the outcome of the said elections, regardless of who wins. On the one hand, we have Donald Trumpwho was already president. He is a businessman, which is always a good thing, so market vision it gives you, but as long as your entrepreneurial spirit is to defend the free market and the capitalism, not so much a mercantilist air. We have a problem there, because Trump is extremely protectionist and this therefore harms economic relations with the rest of the world, greatly affecting the EU and, within it, Spain.
Protectionism always impoverishes, because reduces competition and, with that, the capacity for improvement of the different economies, knowing that their market is protected from foreign competition by customs tariffs, quotas and quotas. Yeah USA intensifies its protectionism, the whole world will also intensify it in response, impoverishing the whole world. international economy. His vice-presidential candidate also clearly appears to embrace protectionism.
On the other hand, the Democrats have forced current President Joe Biden to withdraw from re-election because of his declining abilities due to age, and have placed Kamala Harris, current vice president. If with Trump the international economy runs the risk of protectionism, with Harris the economy in all its facets is in danger, because to protectionism we must add complete interventionism in all areas: price regulation, increase in the minimum wage, fewer working hours, exponential government spending – which Republicans are generally not immune to – and high taxes. His running mate has a much more left-leaning tendency than Harris herself, who is already very left-leaning, which is also worrying.
Therefore, economic expectations regarding the elections of USA They are bad in both cases; in my opinion, it would be worse if Harris won, but bad in any case. This is the economic horizon that we will have to face from the point of view of the influence of the United States in the international economy.
