Before the US election: What lies ahead for the economy?

The outcome of the US elections will also have a major impact on Germany, not least economically. In addition to the increasingly shrill culture war, economic issues are playing a central role in the heated election campaign. Over the past six months, the Democrats have tried, for instance, to market Biden's economic policy in the context of the election campaign. Indeed, Biden can claim major domestic policy successes with the Inflation Reduction Act and the Chips and Science Act. So far, less is known about Kamala Harris' economic policy profile. 

Things are likely to remain uncomfortable for Europe: the Democrats have essentially continued Trump's confrontational trade policy - Germany in particular is complaining about American protectionism. In addition to trade, however, there is another reason to take a closer look: The Democrats' economic policies were often tailored to reach the Republican-dominated “heartland”, where fears of decline and deindustrialization have long dominated. The success of this mission is questionable - and therefore whether a similar approach could lead to greater public support in Germany's structural changes. 

This leads us to the questions: What can we learn from the last four years of “Bidenomics” for German economic policy? What could the transatlantic economic relations look like after the election? How should Europe and Germany position themselves? 

We will discuss these and other questions with:

• Andreas Audretsch, Member of the Bundestag, deputy chairman of the Green parliamentary group
• Rüdiger Bachmann, Professor for Economics, University of Notre Dame, USA
• Heike Buchter, US-Correspondent in New York, DIE ZEIT
• Simone Menne, President of the American Chamber of Commerce in Germany

Moderation: Jan Philipp Albrecht, Co-president of the Heinrich Böll Foundation

Contact:
Phillip Käding
Heinrich-Böll-Stiftung
E Kaeding@boell.de

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