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Added on the 20/05/2022 17:31:55 - Copyright : France 24 EN
Hong Kong (CNN) As United States President-elect Joe Biden faces an ugly, potentially contested transition, foreign policy may be the last thing on his mind. But in capitals around the world, foreign leaders are already clamoring for his attention, hoping to reset relationships and restore norms that shifted under President Donald Trump. Nowhere will there be greater opportunity for a shift than in the US-China relationship, which has deteriorated to historic lows during Trump's term in office. Over the past four years, both sides have slapped the other with trade tariffs, restricted access for tech companies, journalists and diplomats, shuttered consulates, and squared off militarily in the South China Sea.
President Joe Biden lands in South Korea for his first trip to Asia as US leader, aiming to cement ties with regional security allies as concern over a North Korean nuclear test grows. IMAGES
Former President Barack Obama threw some geographic shade at the Trump administration in an interview with Stephen Colbert on Tuesday. Business Insider reports Obama praised President-elect Joe Biden's foreign policy picks for the incoming administration. Obama said that he was looking forward to seeing an administration where people 'know where countries are.' In June 2017, President Donald Trump reportedly mispronounced Nepal and Bhutan as "Nipple" and "Button." When looking at a map, the leader of the free world had to be told where the countries were located.
It's still unknown whether President Donald Trump or former Vice President Joe Biden will win the 2020 race for the US presidency. But according to Gizmodo, one clear winner has emerged in another fight: the drug legalization movement. In both red and blue cities and states, people voted to legalize or decriminalize cannabis, psilocybin mushrooms, and, in Oregon, all illicit drugs entirely. New Jersey, Arizona, South Dakota, and Montana all passed ballot measures to legalize cannabis for recreational use. Voting to legalize cannabis and other drugs appeared to have nothing to do with whether a state voted for Trump or Biden--or its governor's party. and GOP governors of Arizona and South Dakota discouraged residents from voting to legalize cannabis. It didn't work.
A Credit Suisse analyst says that if Joe Biden wins the US presidential election in November, it could spur a 'knee-jerk' pullback in the stock market of 5%. According to Markets Insider, senior investment strategist Suresh Tantia said that was due to the Democratic nominee's stance on corporate taxes. However, Tantia said investors should look at such a pullback as a buying opportunity, as Fed support will keep driving markets after the election. The central-bank support is not going anywhere. The Fed is going to keep rates lower for longer, similar to other central banks. Suresh Tantia, Senior Investment Strategist Credit Suisse Tantia's tip for traders? Investors should seek out equities in Asian markets, as they are cheaper than US stocks and have strong earnings.
US Vice President Joe Biden put his support behind Democratic presidential nominee Hillary Clinton while slamming her Republican rival Donald Trump during his speech at the Democratic National Convention in Philadelphia, Thursday.
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