Transformation at a Crossroads – What Is at Stake in the US Election and How It Affects Europe
Kamala Harris and Donald Trump offer their voters very different visions for the future of America’s industrial development. Under the slogan “foreign policy for the middle class,” the Biden administration expanded protective tariffs against China, thereby scoring points in the industrial heart of the country. With the Inflation Reduction Act, Biden made a U-turn on climate policy in the United States while continuing the protectionist economic policy of his predecessor. A second term for Trump would, however, have even more serious consequences for Germany and Europe.