The electoral context of 2024
The 2024 presidential elections are shaping up to be one of the most significant events in recent United States history. With a record turnout of voters already going to the polls, it is estimated that the number of voters may exceed 155 million. This early voting phenomenon, which includes both in-person and mail-in voting, could lead to one of the highest voter turnouts ever recorded. Expectations are high and tensions between the candidates, Kamala Harris and Donald Trump, are
palpable.
The differences between the candidates
According to the analysis by Libby Cantrill, a public policy expert at Pimco, the differences between Harris and Trump may not be as marked as expected. Both candidates will face similar challenges, such as increasing deficits and managing taxes in 2025, when the tax breaks introduced by the Tax Cuts and Jobs Act expire. Both candidates are likely to try to extend these relief, but modalities and strategies
may differ significantly.
Economic policies and international relations
Another crucial aspect concerns trade policies and relations with China. Harris could maintain current tariffs, while Trump could further increase tariff pressure not only on China, but also on other countries. In addition, immigration represents a hot topic, with Trump promising significant changes, although the fulfillment of those promises depends largely on Congress. Regulation is another field where Trump is expected to take a more flexible approach, leading to greater regulatory certainty
.
Implications for the economy
The economic policies of the two candidates will have different impacts on the American economy. Although both face headwinds and headwinds, Trump may present greater risks in terms of inflation and economic growth, especially because of his unilateral authority on tariffs. The decisions that will be taken in the coming months will not only affect the political future of the United States, but will also have significant repercussions on the
global economy.
Conclusions on elections and the economy
In short, the 2024 presidential elections represent a crucial crossroads for the United States. With unprecedented voter turnout and candidates facing similar challenges but with different approaches, the outcome of these elections will have a lasting impact on economic policies and international relations. Voters are faced with a choice that concerns not only the political future, but also the economic future of the country
.