The upcoming U.S. election has significant implications for various sectors, including airlines, banks, electric vehicle makers, healthcare companies, media firms, restaurants, and tech giants. Former President Donald Trump focused on lowering corporate taxes, imposing tariffs, cutting regulations, and discouraging immigration during his previous term. Vice President Kamala Harris, on the other hand, has supported increasing corporate taxes and policies aimed at consumer protections.
For airlines and aerospace companies, a Trump administration could mean higher tariffs on goods from China, impacting production costs. Banks like JPMorgan Chase faced new regulations under the Biden administration, which could be at risk if Trump is reelected. The healthcare sector also faces potential changes, with both Trump and Harris aiming to lower prescription drug prices but differing on specific plans.
The media industry is watching closely for potential mergers and regulatory changes, with both parties having different stances on consolidation and regulation. In the technology sector, artificial intelligence policies and dealmaking could be affected under a Harris or Trump administration. Harris has shown support for innovation while Trump has committed to repealing certain executive orders.
Additionally, both candidates have suggested plans to end taxes on restaurant workers’ tips, with Trump aiming to eliminate all taxes and Harris proposing exemptions for lower earners. These policies would impact the food service industry significantly. Overall, the outcome of the election will shape the future regulatory environment and policies affecting these key sectors of the U.S. economy.
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