World economic leaders will discuss many things at the meeting. But the reality is that the results of the US election on November 5 may overshadow everything. If Republican presidential candidate Donald Trump wins, there are fears that the international economic system will collapse. The thing is, like the previous time, Trump will impose huge tariffs this time. Also, if his election promise is implemented, the national debt of the United States will increase further. US will withdraw from climate cooperation.
In this reality, the US election has become perhaps the most important issue for the global economy, says Josh Lipsky, head of the Atlantic Council's Center for Geoeconomics. Although the issue is not on the official agenda, it is now on everyone's mind. He once worked at the IMF. He also said that the future of US trade policy and the dollar depends on the election; Also, who will be the next chairman of the Federal Reserve. The reality is that these will affect every country in the world.
It is believed that the US vice president and Democratic presidential candidate Kamala Harris will continue the Biden administration on climate, taxes and debt relief if she wins the election.
The Biden administration has maintained an anti-China stance similar to that of the Trump administration. The US has increased tariffs on Chinese electric cars, semiconductors and solar panels. These issues can be discussed in the meeting. Along with that, industrial policies of rich countries will also be discussed in the meeting.
