A Biden presidency is committed to much greater state intervention to tackle coronavirus.

Internationally, a Biden presidency will look to rebuild relationships with international allies, particularly in Europe, where President Trump has had strained relations.

During his term as vice-president between 2008 and 2016, the US were particularly active in trade negotiations, concluding a deal with Pacific Rim countries in the Trans Pacific Partnership (TPP) and negotiating with the EU in TTIP.

President Trump withdrew the US from the TPP and stopped the negotiation with the EU. A Biden presidency would be more inclined to trade deals.

Will it make any difference to Irish farmers?

The EU is hoping that a Biden presidency would work to resolve the Airbus-Boeing compensation dispute and remove the tariffs President Trump imposed following the WTO ruling against the EU for supporting Airbus.

It has since ruled against the US for supporting Boeing, but the EU has withheld imposing tariffs as it is entitled to do until after the election.

Trump's penalty tariffs on EU farmers have a direct impact on Irish dairy farmers because this was a sector on which he chose to impose a 25% tariff.

In 2019, Ireland exported dairy products to the value of €343m to the US, of which €190m was butter.

Adding a 25% tariff makes Irish dairy produce less competitive in US markets and it would be a win for dairy farmers if a Biden presidency moved quickly to remove it.