The The upcoming presidential election total investment amounts to nearly 1.6 TOGETHER WITH E UROPE in the United States will be crucial trillion euros and includes large subsi- OR DISRUPTIVE for industrial transformation: Will the dies for electromobility and renewable country remain stuck in the age of energies. [...] United States, the Democrats initiated The importance of the industrial Then, geopolitical aspects, such as the an industrial renewal with the Inflation heartland is reflected in the choice of alliance of values with the EU or Rus- Reduction Act (IRA), an investment both vice-presidential nominees. [...] “Here you learn to take care constituents of the economic benefits view of the legal proceedings against of each other,” Walz said in the speech to be gained from the green transfor- the former president, it can also be as- he gave when accepting the vice-pres- mation. [...] assets.” In the Trump 2.0 scenario, transforma- tion delays could cause the heartlands In the short term, Trump and Vance At the global level, a second term for to be entrenched in the age of fossil in- are banking on the appeal of preserv- Trump would destabilize traditional dustries. [...] The opinions expressed in this publication are those of the author(s) and do not necessarily reflect the views of the German Council on Foreign Relations (DGAP).
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Table of Contents
- BACKGROUND 1
- TOGETHER WITH EUROPE OR DISRUPTIVE 1
- HARRIS 1.0 AND TIM WALZ 2
- TRUMP 2.0 AND JD VANCE 3
- A departure from Bidens innovation agenda would delay a transformation process that can no longer be stopped and be economically detrimental to industrial centers 3
- On a global level a second Trump presidency would destabilize traditional security alliances 4
- TRANSFORMATION THROUGH COOPERATION 5
