The US election results are coming in slowly and are likely to be contested. This will reduce the legitimacy of the president that will be sworn in in January and further fuel the social unrest The difference between a second term Trump and a first term Biden could hyperbolically be characterized as an ‘Emperor’ versus a ‘Prime Minister’. In the US context this means that neither Congress nor re-election concerns will restrict Trump’s foreign and trade policies. In contrast, Biden’s policies both at home and abroad will have to keep a broad and shaky coalition happy and together Foreign and trade policy will remain ... (full story)