In the coming election (11/05/24) whether Kamala Harris or Donald Trump wins the white house‚ experts see a mix of similar policies ahead. The next leader will likely keep the political shift that started during Trumpʼs term and continued with Bidenʼs presidency
The changed approach shows in how Biden and Harris while speaking against Trumpʼs style took many ideas from his playbook. Both sides now agree on key points: making stuff in America protecting local business and being extra-careful with foreign policy decisions
The new trade-policy mix includes:
* Less free-market focus than before
* More local manufacturing support
* Careful use of tariffs as tools
* Limited overseas military presence
A well-known book by Gary Gerstle (published bout 2 years ago) shows how Trumps time in office ended the old free-trade way of doing things. Now both parties want to make things at-home and dont support unlimited world trade - its like a whole new system thats here to stay
The quick pull-out from Afghanistan (which happened in late-22) shows how US foreign policy has changed — Trump made the deal and Biden finished it. Top advisers from both sides say America should stay involved in world affairs but be super-careful about sending troops anywhere