Analysis
October 25, 2024
CRU: What will the US elections mean for economic policy?
Written by Alex Tuckett & Veronika Akhmadieva
SMU is pleased to share this Insight piece from CRU economists. You can visit the CRU website to learn about its global commodities research and analysis services.
US 2024 presidential candidates Donald Trump and Kamala Harris offer contrasting visions for the future. Trump proposed universal tariffs and a strict stance on immigration, which would be highly inflationary. Harris’s preference for higher taxes and more regulation could create economic growth headwinds of their own. Both candidates proposed policies that would be supportive of the construction sector, and while Trump’s preference for lower taxes and deregulation can be supportive in the short term, Harris’s plans around green transition might better position the US economy over the medium to long term. This Insight explores the possible economic effects of each candidate’s agenda.
