Harris and Trump are offering radically different visions of manufacturing — and how the government can help in 2025

Published On Sep 25, 2024, 7:37 AM

Vice President Kamala Harris and former President Donald Trump are presenting differing visions for the U.S. manufacturing sector as they campaign for the presidency in 2025. Harris plans to leverage government incentives to promote factory expansion, highlighting recent successes in factory construction under the Biden administration. Conversely, Trump criticizes the current state of manufacturing, advocating for protective tariffs and reduced corporate taxes as tactics to prevent job loss and attract factory investments back to the U.S. Both candidates are seeking to influence voters' perceptions of the manufacturing sector, with Harris touting progress and Trump addressing what he sees as failures during recent years.

Read full article

Stock Forecasts

GEView GE chart on TradingView

Positive

The contrasting approaches towards manufacturing, especially with Harris focusing on incentives and green energy, could position companies benefiting from government support favorably in the market. Firms aligned with these initiatives may see positive investor sentiment.

IBMView IBM chart on TradingView

Negative

Trump’s proposals for tariffs and tax reductions may resonate with sectors heavily reliant on domestic production but could introduce volatility in international supply chains for companies like IBM and US Steel. This volatility might lead investors to approach these stocks cautiously.

XView X chart on TradingView

Negative

US Steel's potential sale raises concerns about foreign influence in domestic manufacturing, which could lead to a bearish sentiment among investors if perceived negatively by the market. However, if the deal is seen as beneficial for US Steel's competitiveness, it could stabilize or enhance its stock. Investors should monitor how the Biden administration reacts to this potential acquisition.

Related News

Trump and Harris Want to Revive Manufacturing, but How Much Could They Actually Do?

Oct 3, 2024, 5:04 AM

The policy focus on the industry has changed from job quantity to job quality. And while federal incentives matter, local factors are more important.

GE
WMT

We need automation in our ports ‘as soon as possible’: Jon Levine | Fox Business Video

New York Post political reporter joins ‘Varney & Co.’ to discuss the East Coast port strike and New York City’s Mayor Eric Adams’ ongoing federal trial.

IBM
SBLK

Arbitration board gives green light to US Steel-Nippon Steel merger over union's objections

Sep 25, 2024, 4:51 PM

Nippon Steel's bid to buy U.S. Steel was given the green light by an arbitration board tasked with reviewing the United Steelworkers union's complaints with the transaction.

X