The race for the White House has begun and the outcome of the US Presidential Election in 2020 will have a global impact. This page provides an in-depth analysis of developments surrounding the US Election in November 2020 and its impact on transatlantic trade and business.

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US Election 2020

Road to Election Night & Beyond: The Future of the Multilateral Order


On October 16, 2020 AmCham Germany co-hosted a webinar with Robert B. Zoellick, Former President of the World Bank, U.S. Trade Representative & U.S. Deputy Secretary of State, and Werner Hoyer, President of the European Investment Bank on the future of the multilateral order.

The webinar was introduced and moderated by Dr. Stormy-Annika Mildner, Head of External Policy at the Federation of German Industries (BDI). Robert B Zoellik, Former President of the World Bank, US Trade Representative & US Deputy Secretary of State, opened the discussion by explaining his perspective on the multilateral order. He stated that multilateral institutions needed to be recognized in terms of capacity and this capacity varies from institution to institution. In his eyes, this is the reason why some multilateral institutions are not effective and therefore it is important to foster the interaction of institutions. As an example, he mentioned the WHO, which has great expertise but in comparison to the world bank limited capacity. 


Zoellik further explained that multilateralism is especially part of the German but also of the European DNA. If Germany wanted to pitch multilateralism, the starting point should be to understand the perspective of others. He added that nations were solving problems in different ways but that the selling point of multilateralism was mutual self-interest! Only if huge states work together future circumstances could be met adequately, he mentioned.  


Werner Hoyer, President of the European Investment Bank, believes that the world should better return to the good experiences of multilateralism. He stated that especially COVID-19 had shown the necessity of multilateralism, as the initial response on COVID-19 in Europe was to reach in instruments of unilateralism which did not work very well. Nations should understand other nations as collaborators not as competitors, as cooperation between states and multilateral organizations, in his eyes, was necessary. Therefore, the cooperation should even be intensified, even though this is difficult, especially in political sensitive areas such as the fight against climate change. Neither Zoellik nor Hoyer believe that the members themselves are the problem of the international organizations, but that democratic societies should have a say in international institutions and should be encouraged to trust in multilateralism. The members should be as convinced of multilateralism as they were in the 1990s at the time of the German reunification, Hoyer stated. 


To support the multilateral world order Hoyer and Zoellik believe that trust building, rebuilding partnerships and economic recovery are most important. In their eyes, this is especially important in view of the COVID-19 crisis and a parallel economic development. If we want to have strong and peaceful world order, “we must find a way to combine these two, not only in Europe and in the US, but also for the developing countries,” Hoyer explained. Therefore, regardless of the outcome of the US Election, “we want our partnership with the US back, as we must be able to work together closely,” he closed. 
 

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Information Hub


Our US Presidential Election Information Hub keeps you updated on the latest developments concerning the US Election and its impact on transatlantic business. Here, you’ll find results from surveys with our members on election developments, answers to frequently asked questions, information about events and reading recommendations. We’ll also provide you with the latest information about new activities at AmCham Germany, such as virtual events. 

*AmCham Germany is part of the virtual event series Road to Election Night & Beyond. Below you will find AmCham Germany and Road to Election Night events and the registration links for all the events in conncetion with the US Presidential Election 2020.

 

Insights Call Webinar | 2020 US Presidential Election Outlook

  • Date | Tuesday, September 22, 2020 | 4:00 PM – 5:00 PM

  • Speaker | former Senate Majority Leader Senator Tom Daschle

  • Host | The Daschle Group, a Public Policy Advisory of Baker Donelson

  • Register here.

 

Road to Election Night & Beyond | Knowing Each Other? Mutual Perceptions Across the Atlantic

  • Date| Wednesday, September 23, 2020 | 5:00 PM – 6:00 PM

  • Speaker | Dr. Emily Haber, Ambassador of the Federal Republic of Germany to the United States and John Emerson, Former Ambassador of the United States to Germany, Chairman of the American Council on Germany

  • Register here.

 

14th Transatlantic Business Conference (Virtual)

  • Date | November 12, 2020 (03:00 PM - 06:30 PM)

  • Panel 1 | US Election: What Can We Expect Now?

  • Panel 2 | The Road to Economic Recovery: The Transatlantic Partnership Post COVID-19

As part of its ongoing communications activities, AmCham Germany will be conducting frequent surveys among its members on the US Presidential Election 2020. The first member survey was conducted in September 2020.


Member Survey on the US before the Presidential Election - September 2020

Main takeaways:
 

  • According to survey participants, the next US Administration after the election should focus on free trade, healthcare, infrastructure and energy policy.
  • The majority of surveyed members believe that prospects for a transatlantic free trade agreement could improve under a possible Biden Administration.

Read our press release and view the entire survey results.