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Due to the nature of Korea's economy, where trade occupies a large proportion, the impact on our economy is not small, depending on who becomes the President of the United States.

Which of the two candidates, Trump and Biden, would be better for our economy to be president?



Reporter Kwon Ae-ri pointed out.



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Korea, which is highly lean 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 U.S. priority and protectionist trade would continue, which would increase friction with the trade surpluses with the United States. 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%P.



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 telecommunication 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/US President: If you elect me, I will continue to reduce taxes and remove regulations.]



Candidate Biden emphasizes eco-friendly energy and is stubborn in regulating platform companies while trying to boost the economy with large fiscal policy. .



[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 immediately determined due to disagreement with the results could amplify the uncertainty and confusion in the financial markets.