Loding Loading ...
X
Century Financial Consultancy LLC ("Century") does not offer investment advisory or portfolio management services nor guarantees investment returns. We do not accept or make payments in cryptocurrency or digital currency. Our official website is www.century.ae. Beware of fraudulent companies or websites posing as Century. We are not responsible for any losses from using fake websites or entities. Trading in financial markets involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. Before you start, please ensure you fully understand the risks involved.
  • AR AR
Century Financial Consultancy
  • Home
  • blog
  • diverging political visions: kamala harris vs donald trump
Back

Thursday, September 26, 2024

Diverging Political Visions: Kamala Harris vs Donald Trump

By Century Financial in 'Blog'

Diverging Political Visions: Kamala Harris vs...
Types of forex indicators Every Investor Should Know

Synopsis

The 2024 U.S. presidential election is shaping up to be a pivotal moment, with Kamala Harris and Donald Trump presenting starkly different policy visions. From climate and energy strategies to foreign policy stances on China and NATO, their contrasting approaches could reshape the U.S. economy, global relations, and financial markets. Our full article explores how these differences could influence your investments.

The 2024 U.S. presidential election presents a crossroads for the nation, with Kamala Harris and Donald Trump offering two vastly different paths forward. Their policy agendas, shaped by contrasting ideologies, could lead to significant changes within the U.S. and across the global landscape. These differences are more than political—they hold the potential to influence markets and economies. Understanding these divergent visions is essential for anyone anticipating what lies ahead.

What Are the Key Differences Between Harris and Trump in the 2024 Election?

Kamala Harris:

icon
Supports Environmental Sustainability: Harris, a former backer of the Green New Deal, focuses on green energy initiatives.
icon
Inflation Reduction Act: Advocates for policies that have boosted renewable energy investments by 20% since 2022.
icon
Challenges Ahead: The U.S. is currently off track to meet its 2030 emissions targets, posing significant hurdles for Harris’s environmental agenda.

Donald Trump:

icon
Fossil Fuel Expansion: He promoted increased oil and natural gas production, which rose by 13% and 7%, respectively, during his previous term due to deregulation.
icon
Withdrawal from Paris Climate Accords: Plans to reenter the Paris Agreement and expand fossil fuel use.
icon
Skeptical of Electric Vehicles: Opposes aggressive adoption of electric vehicles, which may hinder the growth of the EV market.

Kamala Harris:

icon
Opposes "Project 2025": Harris rejects initiatives that could destabilise federal employment.
icon
Protects Federal Workers: Plans to implement rules preventing mass firings of civil servants to ensure stability in public services.
icon
Emphasizes Job Security: Maintaining continuity in the federal workforce is crucial for effective governance.

Donald Trump:

icon
Supports Schedule F: This bill aims to reintroduce Schedule F, allowing for easier dismissal of federal employees, which could lead to widespread changes in federal departments.
icon
Dismantling Federal Bureaucracy: Plans to reduce federal oversight by targeting departments like Education and shifting power to state and local governments.

Kamala Harris:

icon
Supports Comprehensive Immigration Reform: Advocates for pathways to citizenship and humane treatment of immigrants.
icon
Focus on Integration: Aims to reverse restrictive immigration trends from Trump’s term but faces challenges in securing bipartisan support for reform.

Donald Trump:

icon
Stringent Immigration Policies: Plans the largest deportation operation in U.S. history.
icon
End Birthright Citizenship: Proposes ending birthright citizenship for children of undocumented immigrants.
icon
Potential Legal Challenges: His strict measures could increase deportations and further polarise the immigration debate.

Kamala Harris:

icon
Raise Corporate Tax Rate: Proposes increasing the corporate tax rate to 28% to generate revenue.
icon
Fund Expensive Plans: Aim to use the increased revenue to finance her policy initiatives as president.

Donald Trump:

icon
Universal Tariff on Imports: The administration plans to impose a baseline tariff on all U.S. imports, with a 60% tariff on imports from China.
icon
Tax Cuts and Reforms: The bill intends to make individual and estate tax cuts permanent, lower the corporate tax rate to 20%, and expand the child tax credit to $5,000.
icon
Tax Exemptions: This proposal proposes exempting tip income and Social Security benefits from taxation and taxing sizeable private university endowments.

“As president, I will be laser-focused on creating opportunities for the middle class that advance their economic security, stability and dignity,” Harris said as she ticked through an economic policy plan released by her campaign.

Kamala Harris:

icon
Countering China: Harris supports the Biden administration's view of China as a threat and backs efforts to bolster alliances in the Indo-Pacific region. She supports restricting the export of advanced tech to China and advocates for dialogue to avoid conflict, particularly concerning Taiwan.
icon
NATO: Harris aligns with Biden's strong support for NATO, emphasising an unwavering commitment to the alliance and international cooperation.

Donald Trump:

icon
China: Trump advocates high tariffs on Chinese goods and aims to boost U.S. manufacturing to reduce reliance on China. He criticises China's trade practices but occasionally praises Xi Jinping.
icon
Trump has proposed phasing out Chinese imports of essential goods, including electronics, steel, and pharmaceuticals, and wants to ban Chinese companies from owning U.S. infrastructure in the energy, technology, and farmland sectors.
icon
NATO: Trump is critical of NATO, viewing it as a financial burden on the U.S. He has threatened to withdraw from NATO and prioritises nationalism over international commitments, reflecting his "America First" stance.

These contrasting visions offer a glimpse into the future direction of U.S. policy. Understanding these differences is crucial for voters and investors to anticipate the potential changes that could follow the election.

Are you curious about how these political differences could impact your investments?

Don’t miss our in-depth analysis in the companion article, "Impact on Financial Asset Classes in the 2024 U.S. Elections" . Discover how each candidate’s policies could reshape the future of equities, bonds, commodities, and currencies.

Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 2020000028 and 2020000081, to practice the activities of Trading broker in the international markets, Trading broker of the Over-The-Counter (OTC) derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of the UAE and registered with the Department of Economic Development of Dubai (registration number 768189).

CFC may provide research reports, analysis, opinions, forecasts, or information (collectively referred to as Information) through CFC’s Websites, or third-party websites, or in any of its newsletters, marketing materials, social media, individual and company e-mails, print and digital media, WhatsApp, SMS or other messaging services, letters, and presentations, individual conversations, lectures (including seminars/webinars) or in any other form of verbal or written communication (collectively referred to as Publications).

Any Information provided in this publication is provided only for marketing, educational and/or informational purposes. Under no circumstances is any Information meant to be construed as an offer, recommendation, advice, or solicitation to buy or sell trading positions, securities, or other financial products. CFC makes no representation or warranty as to the accuracy or completeness of any report or statistical data made in or in connection with this Publication and accepts no responsibility whatsoever for any loss or damage caused by any act or omission taken as a result of the use of the Information.

Please refer to the full risk disclosure mentioned on our website.

View More