|▲ Biden addresses the nation. (Source: Reuters Yonhap News Agency)|
On November 3, the 2020 U.S. presidential election was held. In this presidential election, incumbent President Donald Trump ran for reelection against former Democratic Vice President, Joe Biden. This year's U.S. presidential election was very different from previous ones. The coronavirus pandemic led to record-breaking mail-in and early voting, and an increase in voter participation. In this presidential election, which recorded the highest turnout ever, Biden beat Donald Trump. What changes will the Biden government make?
U.S. President-elect Joe Biden said in a press conference that he would make resolving issues surrounding the COVID-19 pandemic a priority in the national agenda. More than 237,000 people have died in the U.S. due to COVID-19, making it the country with the largest number of deaths in the world. When announcing the first phase of the presidential transition plan, Biden said that more COVID-19 tests would be conducted and asked people to wear masks.
The Biden administration will also pursue the following policies: Rejoining the Paris Climate Agreement, reversing the decision to leave the World Health Organization (WHO), revoking the entry ban on people from seven countries with a large Muslim population, and a revival of Obama's policy of giving immigrant status to immigrants who do not have the necessary documents but who entered the United States as minors. Biden said he will focus on economic issues, racism, and climate change. Biden said “I swear I will be the president who pushes for unity, not the president who fosters division.” at a winning ceremony in Wilmington, Delaware.
President Trump's move to ignore political norms and traditions, including his refusal to acknowledge his defeat in this presidential election, is expected to have a big impact on U.S. political history. On the contrary, Biden handed over his hand to Trump supporters at his election ceremony and delivered a speech to the nation, saying, “I will be the president who shows that the U.S. is one, not that there is a separation between the Democratic and Republican states.” It’s easy to see that Biden's values of harmony are at odds with Trump, who is known for pursuing autocratic politics.
After Biden's election was confirmed, the Korea Chamber of Commerce and Industry analyzed on November 8th how Biden's election will have a big impact on all aspects of the Korean economy, including trade, oil prices, exchange rates, industry and policies regarding North Korea. Predictions regarding the Biden administration's impact on Korea vary. With international trade being reestablished, there could also be a boom for domestic exporters. However, analysts say that Biden's trade strategy is likely to lead to pressure from China, and it is highly likely that Korea will seek active cooperation in this process. There could be additional barriers to trade. Companies with a large share of trade with China may be negatively hit.
After the 2020 U.S. presidential election, which drew global attention, there has been a high interest in the Biden administration which will begin in 2021. It is expected that Biden will make steady efforts in a variety of ways to develop the U.S. and its allies in a positive direction. It will be interesting to see where the Biden administration will take the U.S. after fighting such a fierce political battle.
By Jo Soo-bin, cub-reporter email@example.com
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