Key Policy Issue for 2024 Election: Trade

A new presidential administration will likely bring changes to U.S. trade policies, with a Trump administration proposing significantly more dramatic changes. Both candidates support a more protectionist U.S. trade policy, including tariffs on Chinese imports, but seek to differentiate themselves. Trump has proposed a 10% tariff on all U.S. imports and a 60% tariff on all imports from China. Harris has been less clear on trade but would likely be more consistent with President Joe Biden’s approach of more targeted tariffs and restrictions and a more cautious approach to disrupting U.S.-China trade relations.