VIEWPOINT | How similar are Harris and Trump’s economic policies?

Column by Veronique de Rugy

As we approach another pivotal election, voters are once again being bombarded with messaging that paints the two main candidates as opposites. We’re told Vice President Kamala Harris and former President Donald Trump represent radically different visions for America's economic future. They don’t. When it comes to economic policy, there’s far less daylight between Harris and Trump than either would care to admit.

Let’s start with trade policy. Trump’s protectionist stance is well-known, with his administration imposing tariffs on a wide range of goods, particularly from China. He has since announced that he would like to impose an across-the-board 10 percent and then 20 percent tariff on imports to the U.S., on top of the those already in place.

But Harris’ stance is hardly better. She has embraced a “worker-centered” trade policy that looks suspiciously similar to Trump’s “America First” approach. Both emphasize protecting existing American jobs and industries, even at the cost of higher prices for beleaguered consumers, fewer resources to start new firms that will lead to more opportunity for the next generation of workers, and reduced economic efficiency. And let’s not forget that during the last four years, the Biden-Harris administration has imposed its fair share of tariffs while keeping many of Trump’s.

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