Economic Showdown: Trump and Biden Locked in a Tax & Trade Battle

Written by Published

Donald Trump, the former president, dominated his Republican rivals in the initial two primary showdowns, paving the way for a potential rematch in the general election with the expected Democratic nominee, President Joe Biden.

The polls suggest that the economy is the game-changer, with 74% of Americans deeming it crucial, according to an ABC News/Ipsos poll in November – making it the top priority for voters.

Trump vs. Biden: Economic Showdown Highlights

Economy as a Game-Changer:

  • 74% of Americans prioritize the economy, making it the top voter concern.
  • Trump's dominance in primary contests sets the stage for a potential Biden rematch.

Tax Policies:

  • Biden: Eyes tax hikes on the wealthy and possible expiration of some Trump-era cuts.
  • Trump: Aims to extend and possibly deepen tax cuts for economic growth.

Trade Agendas:

  • Biden: Tough stance on China, trade deals with some countries; agenda for a second term unclear.
  • Trump: Plans 10% tax on imports, vows to phase out essential Chinese imports in four years.

Jobs and Manufacturing:

  • Trump: Tariffs as protection for U.S. businesses, emphasis on American job creation and manufacturing.
  • Biden: Focuses on federal legislation to attract investment, particularly in infrastructure, technology, and clean energy.

Upshot:

  • Clash of economic visions looms large – buckle up for a head-to-head battle!