• President Joe Biden brings decades of foreign policy experience to his new office – including the experience of heading up various foreign policy initiatives as vice president and three terms as chair of the Senate Foreign Relations Committee. As compared to President Trump’s less predictable and more transactional approach to foreign policy, Biden is expected to return to an approach that foreign leaders are more accustomed to – measured diplomacy, cooperation, and a focus on coordination with US allies.
  • US-China relations – and challenges related to trade issues in particular – are expected to remain as pressing for the Biden administration as they were for the Trump administration. Requiring US companies to undertake technology transfers as a requirement of doing business in China and the theft of US intellectual property remain key points of friction. Differences regarding electoral freedoms in Hong Kong and the situation regarding the Uighur population in Xinjiang are likely to remain front and center.
  • The Biden administration is expected to rejoin US allies in the Iran nuclear agreement, which is likely to result in the easing of some economic sanctions currently in place. Extending weapons treaty agreements with Russia, global climate change initiatives, and a relative reset of US-Saudi relations are among the other issues that the Biden White House will have to balance in the months and years ahead.
This material is provided for informational purposes only and should not be construed as investment advice.

There can be no assurance that developments will transpire as forecasted. Actual results may vary.

The views and opinions expressed may change based on market and other conditions. Unless otherwise noted, the opinions of the speakers provided are not necessarily those of Natixis Investment Managers or any of its affiliates.


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