Global Impacts of Election At this juncture, there is no definitive conclusion to yesterday’s U.S. presidential vote, but Joe Biden has the edge. Constraining his presidency will be the likely continued control of the Senate by Republicans. There is a contrarian analysis in China that favored Mr. Trump since he fostered greater nationalistic fervor in the Middle Kingdom, encouraged the best and brightest to return home from American universities, and encouraged western governments to fight with one another. A victory by Mr. Biden will not be a loss for China, but probably not a win either since the bilateral bickering is bipartisan in the U.S. However, there will be smiling faces in Europe. Not only will Mr. Biden be more respective...