“Interview of the Week” at DLF – Economic Historian Doos: America will continue to rely on protectionism

He insisted that US Democratic nominee Harris was ultimately a protectionist. The WTO, with its dispute settlement and decision-making procedures, no longer finds supporters in the United States. Douce literally: “That's history. It's over. You won't find anyone in Washington standing for it anymore.”

A New Trade Dispute?

The scientist also expects a renewed trade dispute between the United States and the European Union if former President Trump, the Republican candidate, re-enters the White House. An economic conflict is expected precisely because of trade imbalances to the detriment of the United States.

Expectations towards the European Union and Germany – including among US Democrats

At the same time, Duce expects the U.S. to focus more on competition with China. This also has ramifications for Europe: at least US Democrats should see the EU as an ally. But they also expect the EU – and Germany – to invest more in their own freedoms, particularly in defense policy.

The economic historian basically says that if Kamala Harris is elected president, she will “definitely be much better for Europe” than Trump. This is clear because, for example, continuity can be expected in foreign policy.

Program reference

This message was sent on August 9, 2024 in the Deutschlandfunk program.