The impact of the US elections on America

 The Financial Markets: 

The newly elected president, Joe Biden, will have to tailor his policies to appeal to both democrats and republicans, as congress will likely be an even split, with Vice President Kamala Harris retaining the decisive vote. 

The US financial markets have been greatly affected by the rise of the coronavirus. Joe Biden will be focusing most of his early attention on tackling the Covid-19 pandemic with plans to invest $25 billion towards vaccines. 

The new government will look to reverse tax cuts for corporations and wealthy individuals signed into law by President Trump. There has been talk of plans to tax corporations and US households earning over $400,000 a year, this revenue will be steered towards the green economy and improving healthcare, with plans to invest $2 trillion to create green jobs and boost clean technology. 

Government agencies will be limited to purchasing US made goods and services to help boost domestic manufacturing. This will likely help replenish the great loss to the labor market as a result of the coronavirus. 

Foreign Policy: 

President Trump's foreign policy can be considered as rocky at best. The new government will strive to rebuild the trust with foreign allies lost during the former president's tenure. Restructuring international relations and renegotiating terms of old treaties will be of great importance. Relationships with NATO and the EU will need to be revisited, as well as the Iranian nuclear deal. The new government will also seek to reverse the process of leaving the World Health Organization. 

US allies will need to know where Biden stands on China, with the Asian superpower making great strides towards world economic dominance. The president elect has made known his intentions to seek both cooperation and competition with China. 

It's very likely that Biden will retain sanctions on Russia and improve support for Ukraine in an act to enhance the freedom and sovereignty of nations in Eurasia. 

The Biden administration must look to rebuild relationships with Africa, as criticisms over US corona virus response and increased black nationalism have tarnished America's image in Africa. The US government must refocus its policy in Africa on repairing relationships with Nigeria, South Africa, and Ethiopia. 

The racial divide: 

A rise in the presence and ideology of white supremacy has brought America to the brink of social and economic warfare. 

Donald Trump will go down in history as the first American president to be impeached twice after the recent insurgence at Capitol Hill incited by the president. 

The shortcomings of the Trump administration have made the existence of two Americas visible to the larger world, as both right-wing and left-wing groups are gearing up for a long-drawn-out battle. 

The racial tension in America is at an all-time high. Trump received approximately 46% of the vote, with over 70 million Americans voting for him and his policies. This is a clear indication of the racial sentiments in the larger part of America, especially in the South. 

President-elect Joe Biden will have his work cut out for him if he intends to reunite his base and attract even a little republican cooperation.