Donald Trump’s handling of Covid-19 could derail his hopes for reelection.

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“Investors would be wise to keep a close eye on how Trump deals with external relations over the coming months”

US President Donald Trump looks increasingly unlikely to retain the White House. But a Biden victory in the election is a double-edged sword for global investors – he will bring a sense of normality, but quite likely unravel Trump’s corporate tax reforms.

24th Jun, 2020 - 5 min read

At the beginning of the year, US President Donald Trump was in the ascendency. The consensus opinion among analysts was that Trump would retain the US presidency with ease. The economy was in good shape; US unemployment stood at a fifty-year low and unemployment rates among ethnic minorities had declined significantly. Trump had managed to keep the US out of any foreign conflicts – even the decision to kill the Iranian general Solemani did not result in any serious consequences.

Trump claimed to have successfully reset trading terms with China, though in truth little was achieved in the ‘interim’ trade agreement. The more difficult issues were left for...

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