Newsweek on Nostr: Kamala Harris and Donald Trump find common ground on the economy ========== Kamala ...
Kamala Harris and Donald Trump find common ground on the economy
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Kamala Harris and Donald Trump have key points of difference on multiple economic ideas but in some areas, the two are more aligned on the economy than you might think, specifically when it comes to tariffs and trade, according to economic experts. Both candidates are focused on helping the 'American workers' and are linked to the geopolitical and geo-economic competition that arises from emerging economic powers such as China. Trump's tenure was marked by a robust use of tariffs, particularly against China, as a tool to protect American industries. Harris and Trump would both use tariffs as an international negotiating tool primarily with China, but Harris would likely be less punitive and more selective. Both candidates are in favor of cutting tax on tips and would find a way to extend the Trump tax cuts that expire in 2025. Trump emphasized the importance of increasing manufacturing for U.S. economic and national security, and to create high-paying jobs for American workers. Harris will want to continue the Biden Administration policies of heavy investment in job development in emerging industries, like clean energy, as well as shoring up manufacturing at home. Harris is set to outline her economic agenda in a speech on Friday in North Carolina. Harris is now more trusted on the economy than Trump. Both candidates are leading to an unravelling and re-ordering of the so-called liberal world order and the rules of the game. The U.S. is also readjusting and recalibrating its role as global guarantor and open economy, and looking more inward than before.
#KamalaHarris #DonaldTrump #Economy #Tariffs #Trade #TaxCuts #Manufacturing #Jobs
https://www.newsweek.com/kamala-harris-donald-trump-economic-policies-similarities-1939790
==========
Kamala Harris and Donald Trump have key points of difference on multiple economic ideas but in some areas, the two are more aligned on the economy than you might think, specifically when it comes to tariffs and trade, according to economic experts. Both candidates are focused on helping the 'American workers' and are linked to the geopolitical and geo-economic competition that arises from emerging economic powers such as China. Trump's tenure was marked by a robust use of tariffs, particularly against China, as a tool to protect American industries. Harris and Trump would both use tariffs as an international negotiating tool primarily with China, but Harris would likely be less punitive and more selective. Both candidates are in favor of cutting tax on tips and would find a way to extend the Trump tax cuts that expire in 2025. Trump emphasized the importance of increasing manufacturing for U.S. economic and national security, and to create high-paying jobs for American workers. Harris will want to continue the Biden Administration policies of heavy investment in job development in emerging industries, like clean energy, as well as shoring up manufacturing at home. Harris is set to outline her economic agenda in a speech on Friday in North Carolina. Harris is now more trusted on the economy than Trump. Both candidates are leading to an unravelling and re-ordering of the so-called liberal world order and the rules of the game. The U.S. is also readjusting and recalibrating its role as global guarantor and open economy, and looking more inward than before.
#KamalaHarris #DonaldTrump #Economy #Tariffs #Trade #TaxCuts #Manufacturing #Jobs
https://www.newsweek.com/kamala-harris-donald-trump-economic-policies-similarities-1939790