Economic historian Tuz: Biden's re-election could have a greater impact on the market than Trump's return

On June 26, Jinshi Data News, economic historian Adam Tooze said that the severe partisan divide in the United States may inject uncertainty into the market if Biden succeeds in re-election. That's because if he defeats Trump again, it may provoke a more fierce attack from the Republicans. "The more dangerous scenario from a political perspective is Biden's victory," Tooze, a professor at Columbia University, said at the Summer Davos Forum on Tuesday. Tooze pointed out that the uncertainty of Biden's re-election comes from how the Republican Party, controlled by Trump, will react to the former president's defeat again. He also said that the market may see this as a result of lower stability.