This article is adapted from the business magazine Capital and is available here for ten days. Afterwards it will only be available to read at www.capital.de. Like stern, Capital belongs to RTL Deutschland.

Mr. Acemoğlu, what would it mean for the global economy if Donald Trump became President of the USA again? Daron Acemoğlu: Biden has continued many of Trump’s first term in office. The trade war with China was less dramatic than some had previously feared. So Biden picked up where Trump left off. Nevertheless, Trump will probably appear much more aggressive in language alone and inflame the situation. But a lot is still extremely unclear.

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