The result of the US presidential election was clear, and means that Joe Biden will be sworn in on January 20, 2021.
Most observers agree that a Biden presidency will ease tensions in the US-China trade war triggered by his predecessor Donald Trump, helping stabilise the global economy once again.
However, there are concerns that Biden appears to be working with European partners to counter China with what could turn into a technology war, spearheaded by America’s return to the Paris Climate Agreement. Biden has prioritised signing back up to the agreement, which Trump withdrew from in 2017.
During his campaign, Biden declared that the US would hold a meeting of more than 190 world leaders at next year’s Paris climate change conference (COP21) to set more ambitious goals in reducing greenhouse gas emissions that cause global warming.
Asia News Network