Protectionism and International Trade: The Impact of the 2024 Presidential Election
Thursday, 3 October 2024, 07:45
Protectionism's Role in the 2024 Election
As the presidential election of 2024 nears, protectionism in international trade emerges as a pivotal issue. The potential for increased tariffs based on electoral outcomes might disrupt trade relationships, especially for key sectors like whisky.
Candidates and Their Trade Policies
- Joe Biden: Expected to maintain current us foreign policy regarding trade.
- Donald Trump: Likely to advocate for stringent regulation and deregulation impacting tariff structures.
- Kamala Harris: A potential shift in policy dynamics, focusing on trade provisions.
As business owners and foreign governments brace themselves, the implications of these policies could lead to significant economic shifts.
Potential Outcomes and Concerns
- Increased tariffs on imports affecting pricing and availability.
- Trade agreements may be renegotiated or discarded.
- Impact on whisky producers facing new market challenges and competition.
With the landscape changing rapidly, stakeholders must analyze how these political changes will reshape the future of international trade.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.