Compare the Candidates' Tariff Policies for Election 2024

Dan Swartz
9/5/2024
The 2024 election could set a new course for U.S. tariffs to influence the global trade environment. Review this resource to improve your understanding of potential changes in today’s tariff environment that could result from the 2024 election.
Compare the Candidates Tariff Policies for Election 2024
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Overview

Republican stance:
  • Higher tariffs on China: A commitment to a significant increase in tariffs on import
  • Universal tariff: Advocating for a 10% baseline tariff to promote a stronger U.S. trade position
Democratic stance:
  • Selective tariff increases: Focused on specific types of imports
  • Sustainability and innovation: A continuation of targeted research and clean energy incentives and initiatives

The road ahead

With the election outcome expected to have a big impact on the future of tariffs, staying informed and adaptable is crucial for navigating the international trade landscape.

Get critical insights on U.S. tariffs and their potential shifts after the 2024 election, along with tips on what businesses might expect and how to prepare.

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Dan Swartz
Dan Swartz
Principal, Tax