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US presidential election 2024. Add to myFT. How Donald Trump and Kamala Harris differ on economic policy. Presidential candidates offer sharp contrasts on tax, trade and how to fix inflation. Locked in a tight race for the White House, Vice President Kamala Harris and former President Donald Trump are eager to show voters how they’ll handle the economy if elected. We're talking about the economic records of the Donald Trump and Joe Biden-Kamala Harris administrations and the economic campaign proposals of Trump and Harris in the current presidential... The economic policy of the Donald Trump administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act ("Obamacare"), trade protectionism, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic. Introduction. The 2024 Trump presidential campaign has endorsed several tax-related policy proposals. The Trump campaign supports extending the expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and recommends additional reductions in the corporate tax rate to 15 percent. Donald Trump's economic policies during his presidency were mainly characterized by tax cuts, trade wars and tariffs, deregulation, and restrictions on immigration. Trump’s protectionist trade proposals represent a departure from decades of U.S. economic policy. His plans include a universal tariff of 10% to 20% on all imports and as high as 60% on goods... Taxes on imports — tariffs — are Trump’s go-to economic policy. He argues that tariffs protect American factory jobs from foreign competition and deliver a host of other benefits. While in office, Trump started a trade war with China, imposing high tariffs on most Chinese goods. Here’s how the economic policies of Vice President Kamala Harris and former president Donald Trump compare.

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