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Our economy, which is highly dependent on trade with the United States, is also inevitably affected by who becomes the President of the United States.

Of the two candidates, who is better for our economy?



Reporter Kwon Ae-ri analyzed it.



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Korea, which is highly reliant on exports to the public, has no choice but to keep an eye on the direction of the US-China trade dispute.



Both candidates are likely to remain in check against China.



[Trump/US President: Biden is a corrupt politician who took millions of dollars in China and gave them your job.]



[Joe Biden/US Democratic Party Candidate: The Trump administration's export of agricultural products to China is Obama- Biden's second term has decreased by 40%.]



However, there is a high possibility that the Biden administration will not reproduce the US-China trade war, which was going to extremes so as to reduce the size of world trade.



The Bank of Korea diagnosed that if Trump was elected, the unilateral trade policy of US priority and protectionism would continue and friction with the US trade surplus would increase.If Biden is elected, the uncertainty of the trade environment will arise through the restoration of the multilateral system. I thought it would shrink.



[Jungmin/Hyundai Economic Research Institute Research Fellow: Candidate Biden is expected to indirect public sanctions through the alliance rather than direct public sanctions imposed by the Trump administration, so (public pressure) intensity difference is expected to occur.]



Some analysts say that if Biden is elected, Korea's export growth rate could increase to an annual average of 2.2 percentage points.



However, there are opinions that President Trump's strong public pressure will be beneficial to Korea in the long term, as China is emerging as a major competitor in Korea's flagship industries such as communications equipment and semiconductors.



The beneficiary industries for each candidate also differ.



President Trump will maintain a stance of tax cuts and deregulation, which could stimulate financial markets, IT and consumer goods.



[Trump/U.S. President: If you elect me, I will continue to cut taxes and remove regulations.]



Candidate Biden is trying to boost the economy through large-scale fiscal policy, emphasizing eco-friendly energy and being tough on platform companies regulation. .



[Joe Biden/US Democratic Party candidate: Oil should be gradually replaced by renewable energy.

We will stop supporting the oil industry.] In the



short term, the third scenario in which the winner is not confirmed due to dissatisfaction with the results can most amplify uncertainty and confusion in the financial market.