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Analysis of positions: key views of Harris and Trump on politics and economics


November, 02 2024
watermark Economic news

The presidential elections will start in the United States on November 5. Voters will determine the composition of the electors, who will then choose the president and vice president for the next four years. Let's analyze the positions of Kamala Harris and Donald Trump on the main issues.


Ukraine


  • Harris supports the Biden administration's policy of continuing assistance to Ukraine. She rejects the possibility of territorial concessions from Ukraine and intends to maintain this political vector.


  • Trump stands for a peaceful settlement of the conflict and has repeatedly stated that he will be able to end the conflict «in one day.» He opposes additional assistance to Ukraine.


China


  • Harris plans to continue his cautious technological and economic counterweight to China, adhering to Biden's strategy of a «balanced» relationship.


  • Trump intends to impose high import tariffs on Chinese goods and limit the ability of Chinese companies to own assets in the United States, advocating for Taiwan's independence and the potential outbreak of a trade war.


NATO


  • Trump criticizes NATO for the high costs of the United States and the small contribution of European allies. He threatened the possible withdrawal of the United States from the alliance or the billing of the EU for $200 billion. As an alternative, it offers multi-level protection.


  • Harris supports the central role of the United States in NATO and aims to strengthen the alliance.


Immigration


  • Trump is strongly opposed to illegal immigration on the southern border and promises to strengthen the border with Mexico, as well as conduct a mass expulsion of illegal immigrants with the help of the National Guard. He also proposes to abolish automatic citizenship for the children of illegal immigrants.


  • Harris supports a «humane» approach to immigration with increased border controls.


Economy


  • Harris advocates higher taxes for individuals and businesses, plans government regulation of prices for key goods and the preservation of import tariffs.


  • Trump proposes to keep tax rates for individuals and reduce corporate tax from 21% to 15%. He also plans a 10% tax on imports of all goods to the United States and supports the growth of oil production in the country.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.