Joe Biden’s victory in the U.S. elections was widely anticipated, and much of what has happened since he took office on January 21 has conformed to his election promise. The progress he helped steer in vaccinations and repairing the pandemic’s economic damage is especially impressive. However, the first 100 days of his term have also seen major unexpected developments. Three of these surprises have both major implications for the U.S. economic outlook, and global repercussions. The ...