It is certain that new US President Joe Biden will respond to the EU’s call for cooperation as he is a policy devotee that the US will have to re-strengthen relations with its traditional allies to achieve better results, particularly in how to deal with China. (please read the analysis entitled «A New EU-US Agenda for Global Change and Tackling China»).
Joe Biden, US, Janet Yellen, EU-US agenda, global change, alliance of democracies, US department of Treasury,
Joe Biden will continue to maintain the trade agreement signed by Donald Trump with China that foresees a dramatic increase in the volume of imports of American products into China while increasing the tariffs agreed to be imposed on China’s products imported into the US.
by Thanos S. Chonthrogiannis
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In addition, the new US President is expected to pursue a specific set of policies to make his agreements as effective as possible. More specifically:
1. It will try to agree on as many issues as possible from those raised by the EU’s “A New EU-US agenda for global change” proposal to achieve closer cooperation with the EU.
2. In addition, it will seek closer cooperation with US allies in Asia such as Japan, South Korea, Australia, New Zealand.
3. The aim is to re-emerge with US primacy the largest alliance of democratic countries in the world that will work together to halt and more effectively limit China’s influence.
4. At the same time, it will kick-start the implementation of an ambitious but achievable public investment programme in the fields of research and development, digital technology with application to their respective public infrastructures, education and higher education with the possible write-off of a large part of student loans with a view to increasing the comparative advantage of the US over China.
5. If the above-mentioned policies, particularly those relating to US foreign policy, are achieved, in order to achieve a joint alliance of democratic countries with a focus on the US, improving the US economic position, then it will seek to sit down at the table of talks with China and always from a position of US strength by expressing to China the wants and logic of the West.
In achieving the above policies and especially in the economic context that is also consistent with U.S. trade policy/strategy, Joe Biden has chosen the best possible partners such as Janet Louise Yellen, an economist and former Fed chief under President Obama who will take over the Department of the Treasury of the United States.
Janet Yellen strongly supports the development of the international cooperation system and strongly believes in the usefulness of the US-China trade agreement reached (early 2020) under President Donald Trump, considering this trade agreement the most appropriate tool to ensure the most valuable time to implement all the above-mentioned policies in both the economy and foreign policy to better organise China’s response strategy.
Janet Yellen has been a supporter of US national security positions since China’s leadership in applied digital technology (e.g. 5G).
We believe that in this context Janet Yellen will seek to consult with the FED on reducing and continuing to remain in negative territory the dollar’s borrowing rates to further aid the explosive growth expected in the US economy for 2021 and 2021.
It will certainly benefit the American economy if any public investment programme decided to be implemented is a combination of public and private capital in order to minimize the increase in the budget deficit in the US Federal Budget and the increase in the Federal Government’s debt respectively.
We believe that τhe Joe Biden and Kamala Harris administration will be able to implement the above policies even if they disagree with each other on the basis of a moral principle and US President Joe Biden is forced “to develop a disease and then say he will resign” by owing his position to Kamala Harris.
That’s the statement Joe Biden made when he was invited along with Kamala Harris on Thursday, December 3, 2020 to the tv program Cuomo Prime Time (CNN) when asked by the show’s host what he would do if he disagreed with Kamala Harris on specific issues, partially vindicating the Liberal Globe when we reported that in the middle of his term of office, President Joe Biden will step down giving way to Vice President Kamala Harris (please read the analysis entitled «Are they the Winning Duo (Biden- Harris)? Will be Kamala Harris the first female Vice & President of the United States equally?»).
