Biden Win Could Disrupt Markets More Than Trump, Tooze Says
- Uncertain how Republicans may react to possible second defeat
- Chinese premier warned of negative consequences of decoupling
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America’s deep partisan divide threatens to inject uncertainty into markets even if Joe Biden wins a second term, according to economic historian Adam Tooze. That’s because Republicans may lash out more should he defeat Donald Trump again.
“The more dangerous scenario from a political point of view is that Biden wins,” said Tooze, a Columbia University professor who spoke Tuesday at the World Economic Forum in Dalian, China.