Biden's decision to withdraw from the 2024 presidential race has undoubtedly sent shockwaves through American politics.
As the incumbent president, his withdrawal from the election will have a significant impact on the direction of US policy; at the same time, this decision will also have an impact on the global political and economic landscape.
Biden's withdrawal provides an opportunity for Vice President Harris.
Harris is considered the best choice to succeed Biden because she had passed the vetting when she joined Biden's campaign in 2020, and if she took over the campaign, she would be able to inherit the fundraising funds accumulated by Biden's campaign in the current election cycle.
However, Harris's approval ratings have been low, which may pose a challenge to her campaign.
Biden's withdrawal could set off a hotly contested party convention.
Democrats want to avoid that, especially now that the Republican Party has almost completely united around Trump.
Therefore, if Harris switches her support to another candidate, it could lead to greater divisions within the party.
In that scenario, other well-known Democrats like California Governor Gavin Newsom or Michigan Governor Whitmer could emerge as potential candidates, but most of them have already said they will not run for president in 2024.
On the international stage, Biden's withdrawal could affect the United States' relations with other countries.
Some policies implemented by the Biden administration, such as climate change, immigration reform, and foreign policy, may change with the coming of a new leader.
This is particularly important for countries with close ties to the United States, as they need to reassess their relations with the United States and adjust their strategies.
Biden's withdrawal could also affect the global economy.
As one of the largest economies in the world, policy changes in the United States often have a profound impact on the global economy.
For example, the United States' trade policy, monetary policy, and fiscal policy may change with the new president taking office, which will create uncertainty in the global market.
Biden’s announcement of his withdrawal from the 2024 presidential race is a major political event that will not only affect the direction of U.S. domestic and foreign policies, but may also have a profound impact on the global political and economic landscape.
For readers and investors who follow international political developments, it is crucial to understand and analyze the deep-seated causes of this incident and its potential impact.
