lesson 3 - trump vs harris american elections Flashcards
what’s trump’s plans for the energy sector vs harris’?
trump: pro Canadian-US oil projects” - projects to deliver Canadian oil to Alaska (keystone XL, transmountain pipeline, line 3 expansion to great lakes) –> less volatile and stronger oil sector but environmental + indigenous problems tho.
Deregulating GHG emissions in energy + oil in US - potential for higher profits in USA, cheaper locally, reduce Saudi + russian oil reliance
harris: advocating for clean energy with long term goal to reduce reliance on fossil fuels. supporting domestic oil production for short-term stability. For Canada, canadian fossil fuels exports may decline but clean energy sectors could see increased investments.
what’s trump vs harris plans for trade + effects on canadian economy
trump: supports domestic production (“made in america”) - looking to increase tariffs by 10% internationally and 60% in China - tariffs will affect supply chains in US that utilize overseas manufacturing –> leads to increased market volatility, + long-run overall profitability in USA. For canada this means less exports with their crude petroleum and automotive sector taking a hit the most.
For china, these tariffs will lead to an overall decline in exports
harris: continue tariffs and export restrictions (tech, manufacturing, EVs), avoiding a tariff increase to prevent global supply chain disruptions, negative impact on US tech companies with operations in China. may led to asian market disruptions due to increased export restrictions.
for USMCA trade agreement 2026 review; advocating for stronger environmental protections + higher costs for energy intensive. promoting renewable energy with new investment opportunities in green technologies across North america
what are the financial policies on trump vs harris
both are looking to support americans.
trump: lower corporate tax from 35% to 21%, lower interest rate/looser monetary policy (but doesn’t actually have the power to do that), end overtime tax for higher profits
harris: corporate tax increase from 21% to 28% but with predicted 5% earnings drop on S&P500 + potential impact on stock valuations.
goal is to narrow the gap between small + big businesses - support small business w/tax deductions + loan access
what’s trump’s defence policy
looking for other NATO members to increase their spending, increase volatility in this sector, potential risk for war as trump is looking to increase defence sector
what industry will boost if trump/harris wins
domestic electric equipment/automotive/manufacturing/energy/defense (boeing, rolls royce), in general corporations will benefit as companies will have more capital
harris: clean energy; with mor corporate taxes, then there will be a 5% stock earning drop in SP500
