![De Spiegel](https://images.investmentofficer.com/cdn/ff/0fSHj9x2znOaOjRjbMAG0RIeSV7s6W3RAxPyscy_Uzk/1720017649/public/styles/medium/public/2024-06/De%20Spiegel%20artwork_1.jpg?itok=mwLSr64J)
A second term for President Joe Biden will see the US continue to be deeply involved in geopolitical hotspots, while pressuring allies to share the burden. Foreign policy under Donald Trump may be less predictable, with intensified economic sanctions and a less certain commitment to allies. Protectionist trade policies would be pursued by both candidates. Biden may expand the range of targets, while Trump’s desire to protect core US industries could lead to trade conflicts with allies in Europe and Asia.