October 30th, 2020
President Trump has been a friend of the domestic aerospace sector during his first term, increasing Pentagon weapons outlays and promoting overseas arms sales. However, a second Trump term could be problematic if he tries to decouple from China, withdraws from NATO, or ends U.S. membership in the World Trade Organization. Such moves could make it harder for companies like Boeing to compete with foreign rivals. As president, Joe Biden wouldn’t do any of those things, but he would be less favorably disposed to weapons spending and would inject greater concern about human rights into the consideration of arms exports. Biden would also raise corporate tax rates, increase regulation, and limit the access of industry executives to the White House and federal agencies. So no matter who wins the election, challenges lie ahead for America’s aerospace industry. I have written a commentary for Forbes here.
The views and opinions expressed in this issue brief are those of the author.
|Loren B. Thompson is a Senior Adviser at GPI, Chief Operating Officer of the non-profit Lexington Institute and Chief Executive Officer of Source Associates, a for-profit consultancy. Prior to holding his present positions, he was Deputy Director of the Security Studies Program at Georgetown University and taught graduate-level courses in strategy, technology and media affairs at Georgetown. He has also taught at Harvard University’s Kennedy School of Government. Mr. Thompson holds doctoral and masters degrees in government from Georgetown University and a bachelor of science degree in political science from Northeastern University.