Understanding the Implications of Trade Policies in the 2024 Presidential Race
Former President Trump has placed tariffs at the forefront of his 2024 economic agenda. Meanwhile, Vice President Harris’s campaign has criticized Trump’s strategy, even though the Biden-Harris administration has largely continued the existing trade war, with Harris offering no plans to change course.
**Key Concerns about Trade Wars and Economic Impact**
Americans have reason to be concerned about the threats posed by another Trump-led trade war, as well as the possibility that a Harris administration may not seek to mitigate the effects of the initial trade conflict. Rather than simply hoping for a shift in approach from presidential candidates, it is crucial for voters to press congressional candidates on their strategies to prevent these substantial taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. increases.
**Congressional Role in Ending the Trade War**
It is within Congress’s authority to put an end to the trade war, and they must take action to protect the economy. By doing so, they can safeguard American businesses and consumers from the adverse effects of prolonged trade conflicts.
This is a preview of our full op-ed originally published by The Hill.
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