Trump's Tariff Plans and Harris' Economic Strategies Shape Election Debate
As the presidential election approaches, trade policies and economic strategies of Trump and Harris spark intense discussions on their potential impacts.
- Donald Trump proposes sweeping tariffs on all imports and specific tariffs on companies moving production abroad, arguing they boost domestic production.
- Kamala Harris criticizes tariffs as a tax on the middle class, aligning with economists who warn they could stunt growth and spur inflation.
- The U.S. International Trade Commission found Trump's China tariffs boosted domestic production with minimal price increases for consumers.
- Both candidates have plans to address housing shortages, with Trump favoring lower mortgage rates and Harris proposing subsidies and rent controls.
- European and Asian markets are closely watching U.S. trade policies, with potential shifts in global supply chains and economic alliances at stake.