Post-Election Day Analysis

I am quoted in InvestorPlace:

I asked Dr. David Kass, clinical professor of Finance at the University of Maryland’s Robert H. Smith School of Business, what a Biden administration would do for U.S. relations with the world’s second-biggest economy. In his email, Kass wrote the following:

“It is clearly in China’s interest, and that of the rest of the world, for a President Biden to restore U.S.-China relations to the less confrontational approach that preceded President Trump. President Biden is likely to form a coalition with our trading partners in Europe and then confront China in a less hostile fashion and be better able to negotiate our differences from a position of greater strength. The tariffs that President Trump introduced would likely be eliminated or substantially reduced. The level of international trade would then increase to the benefit of consumers in all countries that were impacted by the Trump tariffs. Tariffs are taxes on consumers that increase the prices of goods and thereby discourage their purchase. Both producers and consumers are harmed by tariffs. The introduction of tariffs in the 1930’s contributed to the severity of the Great Depression.”

According to another discussion I had with Kass, the current situation with Trump contesting the vote counting process is “unprecedented.” 

 

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