Biden’s shaky debate has overseas allies bracing for the return of TrumpWhile the first U.S. presidential debate of the 2024 race dwelled little on foreign policy, a shaky performance by Joe Biden will have America’s allies steeling for the return of Donald Trump, analysts say. Peter Lee, research fellow at the Asan Institute for Policy Studies in Seoul, said the debate put into “much more stark relief” the possibility of a second Trump administration. Lee said he expected Trump to be “very tough” second time around in pressuring allies to up their defence spending. Lee Jae-il, analyst at Eugene Investment & Securities, said that companies dependent on U.S. markets will also be wary because “the previous Trump administration had a myriad of tariffs-related policies in the past”. During the debate, Trump accused Biden of not standing up to China on trade.
