[ad_1]
America is back. This, in short, the message sent by the next tenant of the White House, Joe Biden, ready to upsetting Donald Trump’s protectionist system in favor of a foreign policy worthy of the diplomatic and commercial history of the United States.
A breath of fresh air for Germany, in which – for four years – they weighed the international implications of that America First that marked Donald’s presidential term.
Why Germany celebrates Biden’s victory
The choice of Joe Biden generated a general enthusiasm in the old continent. The Democrat, in an interview with the US network NBC, revealed that European leaders “they are glad to see an America ready to regain its role in the world”.
The victory of the donkey party in the last presidential elections met – in particular – the favor of Chancellor Angela Merkel, which now aims to reconnect those abruptly broken relationships with the tycoon’s 2016 victory.
A sigh of relief, that of Berlin, which is not exclusively linked to the future prospects assured by the democratic leadership of the White House. For German political leaders, in fact, the defeat of Trump avoid introducing new duties on the importation of European automobiles to the United States. It is a measure that has been around for some time in the halls of power in Washington, with foreseeable consequences for a leading country in the exports of the automotive industry such as Germany.
Furthermore, the takeover of the White House by Democrats could lead the United States and the European Union to resume work on a treaty regulating commercial relations between the two parties. The previous attempt, which should have given life to the Transatlantic Trade and Investment Association (TTIP), was actually ruined in 2016 after more than three years of negotiations.
A hope also remembered by the President of the European Commission, Ursula von der Leyen, who nevertheless put the accent on need to develop a new approach which deviates significantly from what had characterized the last attempt at a trade agreement between the United States and European countries.
Some nodes remain on the Washington-Berlin axis
On the other hand, despite the calm climate resulting from the outcome of the US presidential election, Joe Biden is likely to focus, at first, on process of strengthening competitiveness from the United States, which slows down the interlocutory dialogues with European counterparts.
The points of common interest, moreover, are intended to intertwine with some long-standing knots. From this opinion Andrew Kenningham, an economist at Capital Economics, who in an interview with CNBC explored the question regarding future relations between Germany and the United States:
“I hope that trade tensions between Germany and the United States continue to exist. The European Union plans to regulate and tax some large American companies on the continent, such as Amazon and Google. Also, the commercial disputes between Boeing and Airbus do not seem destined to disappear anytime soon. “
