Does Biden have a realistic and convincing economic policy ?

Under the title “Does Biden have a realistic and convincing economic policy?”, the German website “DW” published that “Trump’s” slogans in the past related to protectionist policies such as “America First” and “Made in America” had a great resonance among the working class, and therefore It was not surprising that his Democratic rival in the election campaign promised to restore America's advanced industrial position if he won the presidential race, and to have more products produced in America ...

Mark Zandi, an economist at credit rating agency Moody's, says the "carrot and stick" policy in Biden's plan has an impact on US companies choosing where to locate their production.

Economists question Biden's economic promises similar to those made by Trump, because companies operating internationally (transcontinental) are mostly shifting their production abroad to benefit more from new markets such as China or Brazil.”

Tax policy

Biden also has plans for significant increases in taxes on those with high salaries, to fill the shortfall in tax facilities for the past four years amounting to $1.5 trillion and to finance two-thirds of programmed expenditures.

"There will be a larger budget deficit," Zandi told DW, but "economically it is not a big problem, because the level of benefits is low and will remain that way for some time."

Made in USA

Biden will be under great pressure to undo much of Donald Trump's hostile trade policy, which has damaged relations with key allies such as Mexico and the European Union. Trade experts point out that he may remain handcuffed because of his promises and his “Made in America” campaign, which requires imposing customs duties even though they represent a huge burden on many importers.

“Biden will continue to put pressure on the Chinese, but he will adhere to international trade laws and will not start trade wars,” predicts Mark Zandi, adding that Biden “will cooperate again with the World Trade Organization and with other international associations to put pressure on Beijing until China changes its behavior   ".