Biden’s victory could bring profound changes to US policies toward China and Iran as the Democrat has promised to reinstate the JCPOA Iran deal and lift sanctions, Joseph Trevisani, an analyst at FXStreet, reports.
Key quotes
“Any change to the current US Iranian policy advocated by the Biden campaign will by definition be favorable to Tehran and a retreat from the Trump administration’s strict approach. The Iranian rulers are too astute to state the obvious but the only logical conclusion is that Trump’s defeat would be in their interest. Many European leaders and corporate heads would also be happy with a Trump loss, expecting that Biden would shortly reinvent the Obama era policy of favoring Tehran over Israel and providing commercial access to the Iranian market.”
“The American workers whose jobs had been sent overseas were assumed by the Democrats to be loyal and by the Republicans to be unreachable until Trump proved them wrong. A Biden administration will return that Washington trade consensus to power. Its record with China is one of accommodation and weakness. Like the Iranians the Chinese are far too sensible to make their wishes known, but they must be praying for a Biden victory.”
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