As the 2020 presidential election draws near, the automotive industry is closely watching the race between Democratic nominee Joe Biden’s running mate, Kamala Harris, and incumbent President Donald Trump. Both candidates have outlined their plans for the auto industry, and insiders are weighing in on the potential impact of their policies.
One of the key issues at the forefront of the automotive industry is climate change and environmental regulations. Harris has been a vocal advocate for clean energy and reducing carbon emissions. She has proposed investing in electric vehicles and infrastructure to support their widespread adoption. In contrast, President Trump has rolled back environmental regulations and has expressed skepticism about climate change. Auto insiders are divided on this issue, with some supporting Harris’s push for clean energy and others favoring Trump’s deregulation approach.
Another important issue for the auto industry is trade policy. President Trump has taken a hardline stance on trade, imposing tariffs on imported vehicles and parts in an effort to protect American jobs. Harris has criticized Trump’s trade policies, arguing that they have hurt American consumers and businesses. Auto insiders are concerned about the impact of ongoing trade tensions on the industry, with some supporting Trump’s protectionist approach and others calling for a more collaborative approach to trade.
The COVID-19 pandemic has also had a significant impact on the auto industry, with production shutdowns and decreased consumer demand. Both Harris and Trump have proposed economic stimulus packages to support businesses and workers affected by the pandemic. Harris has emphasized the need for targeted relief for small businesses and workers, while Trump has focused on tax cuts and deregulation to spur economic growth. Auto insiders are closely monitoring the candidates‘ proposals to see how they will impact the industry’s recovery from the pandemic.
In addition to these key issues, auto insiders are also considering the candidates‘ overall leadership styles and their ability to work with Congress to pass legislation that will benefit the industry. Harris has a background in law and politics, having served as California’s attorney general and a U.S. senator. Trump, on the other hand, is a businessman with a background in real estate and entertainment. Auto insiders are weighing the candidates‘ experience and leadership qualities as they assess their potential impact on the industry.
Overall, the automotive industry is closely watching the race between Harris and Trump, as both candidates have outlined their plans for the industry and the broader economy. The outcome of the election will have far-reaching implications for the auto industry, and insiders are carefully considering the candidates‘ policies and leadership styles as they make their decision on who to support in November.