With the changing world dynamics and polarization of power, all nations and demographics are keeping an eye on the outcomes of the forthcoming US election. Americans are more prone to antiwar sentiments, peace, and economic development.
All Social media platforms are probing questions regarding the 2024 US presidential election and striving to predict the new congress for the US Capitol. This blog will strive to unfold all key economic and political indicators impacting the global landscape after the 2024 US presidential election.
Here are some FAQs;
So far, the neck-to-neck competition between Republicans and Democrats seems unprecedented. However, the Former President of the USA, Donald Trump, looks hopeful of winning back the white house for the 2nd time.
On August 15, 2024, CNN Politics reported his latest speech about veering off the economic agenda by seating US Vice President and Democratic Party’s presidential nominee “Kamala Devi Harris.” However, Trump’s political stability and economic growth agenda reiterates his policies during his last tenure.
Well, as the presidential election is stepping into the final run-up, on November 5, 2024, election polls will revamp the future outlook of the USA and the international arena. Both presidential candidates have been successfully running their election campaigns to bring fruitful repercussions. Likewise, the next snooping question can be;
Tech and Corporate giants are optimistic about new economic corridors promised by the Republican Party. This blog will shed light on Trump’s latest update on economic reforms in the 2024 election as;
Trump's agile trade policy
The Republican 2024 election campaign reinforces the continuation of Donald Trump’s previous aggressive trade policy. It looks lucrative to US entrepreneurs and investors with an anticipated 10% tariff on foreign goods. Statista reported that the US had become the second largest merchandise exporting region, with $2009 billion from 2016 to 2019 under the Umbrella of his government. However, there was a 2% tariff causing significantly decreased exports in 2021 during the Joe Biden Democrats’ government.
Secondly, preventing US investment in Chinese corporations will contribute positively to the US economy. Meanwhile, in his last presidential tenure, there was marginal US annual expenditure of FDI in countries like China, Israel, and Mexico. His promises to retain all previous economic initiatives are the keys to opening the locks of the White House.
Corporate Tax Cuts
Further, during his last presidency, the Tax Cuts and Jobs Act (TCJA) curtailed corporate tax from 31% to 21%. As a result, in 2020, the number of venture capitalists doubled compared to the late 1990s dot-com bubble economy. His policy of increasing tax revenue by flourishing the corporate sector can be the leading contributor to his presidential campaign.
AI Research and Development
Tech giants have encouraged Trump’s initiative to repeal Biden’s 2023 executive order on AI limitations in technology development. Moreover, the Continuation of the National AI Initiative Act stimulates AI research and development in non-defense sectors of the economy. Further, his policy on renewable energies strengthens the new race of AI arms across the globe.
Is the Power Fight in the Democratic Party a blessing for Trump?
The presidential election USA 2024 campaigns and polls have highlighted that the best-loved voters in the election are lefties or Democrats. On February 2, 2024, CNN Politics reported that three-quarters of US voters believe in the Democratic Party’s best shot for the next US election.
Despite Kamala Devi Harris’s popularity in the 2024 US election, the Republican has a slight competitive advantage over her. Aljazeera reported that Joe Biden’s trial presence in the 
International Court of Justice (ICJ) and International Criminal Court (ICC) might harm Harris’s reputation. She will have to face the toughest competition. Further, she has not provided much information about her policy regarding Muslim communities, minorities, and abortion laws.
What Happens to the US Economy If Trump Condemns Israel's territorial terrorism?
Republican “No war” appeal worldwide will have a cutthroat edge over Harris’ election campaigns. This “one-strategy- fits- for -all” sounds relaxing to nearly 5 million US Muslims. Further, US financial assistance to Israel goes against Harris’ economic agenda and support from the Muslim community. Therefore, his strong acceptance among American Muslims will lead to his success.
Additionally, ten central and southern states of America are immensely influenced by Republicans for their stance against same-sex marriage, abortion, and genocide in Gaza. Israel’s atrocities have impacted the Democrats’ likelihood of being selected again.
How Kamala Harris’s Economic Policy Affect the Trump’s 2nd Time Presidency Chances?
Critics argue that Trump’s economic agenda represents only the affluent class to a greater extent; commoners or underprivileged citizens discourage Trump’s selection for the second time for the following reasons.
⦁ The Democratic Party’s executive actions on Affordable Care Act subsidies are the hot-selling cakes. Critics believe her proposals regarding “massive government socialist policies” will add value to her campaign. Her privileges in the healthcare sector can be beneficial to her election campaign
⦁ Harris’s executive action of federal ban on⦁ ⦁ price gouging in the USA is like a sequel to the Joe Biden Democratic government. However, the price ceiling can still appeal to all citizens of the USA. The Guardian reported on April 20, 2024, that the legal proceedings against the mergers between the two big retailers, Albertsons with Groger OR Jet Blue and Spirit Airlines and speculated jack-up prices of Amazon are the semi-ban on price gouging in 2023.
⦁ Additionally, her proposed economic policy of increasing corporate taxation by 9% will possibly benefit all social classes. The tax breaks for house builders also serve as fresh air for the real estate sector. Hence, they can add value to the Democrats’ 2024 election campaign. Her economic policy proposes that a $25,000 down payment will be given to first-time buyers of 3 million housing units. Tax cuts of $1250 for low-income groups and the sustenance of⦁ ⦁ Joe Biden’s no-tax rate on household income attract the general public of the USA.
Summary
This blog narrates the significance of the 2024 presidential election in the global landscape. Political stability and Economic development go hand in hand. Ex-President Donald Trump, during his first reign in the white house, furnished cutting-edge economic reforms to grow exports, AI, and the overall corporate sector.
He is competing in the 2024 US election as the Republican Party candidate. The continuation of the previous economic policy paves his path toward success. In addition, Joe Biden is stepping down, and the presence of the ICC and ICJ trial has had a detrimental impact on Democrats.
Kamala Harris has led successful election campaigns and raised more funds than Donald Trump. The presence of Barack Obama in her election campaign, the soft image of lefties, and her “massive social reforms” about subsidies on consumer goods and the flourishing healthcare sector can be challenges for Republicans.
Despite some economic intricacies, Trump is more likely to expand economic activities by continuing his previous economic policy. Hence, Republicans are excited to show their “Trump card” in the upcoming election for political integrity and economic prosperity.
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