As the U.S. elections approach, the campaigns of Trump and Biden have begun fully. This electoral battle does not focus on the presidential position itself, but rather evolves into a challenge to the structure of the U.S. economy. Trump’s “America First” policy centers around strong protection for manufacturing. He promised significant tariff reductions and implemented the Inflation Reduction Act, which will provide up to $1.2 trillion in economic stimulus funds to domestic businesses in the U.S., directly benefiting heavy industries such as automotive, steel, and aluminum production. In contrast, Biden’s IRA focuses on renewable energy, electric vehicles, and battery technology, providing substantial subsidies for these areas and accelerating America’s transition to green energy. This difference in policy orientation leads to significant differentiation in the economic structures of U.S. states. Traditional manufacturing-rich states such as Texas, Mississippi, and Arkansas will benefit from tariff policies, while states that rely on renewable energy and electric vehicle industries, such as Washington and Pennsylvania, will face severe challenges…
# China did not attack the U.S. presidential election, but it caused pain in swing states
The U.S. presidential election is approaching, and the campaigns of Trump and Biden have begun fully. However, this election campaign does not focus on the presidency itself, but rather turns into a challenge to the economic structure of the United States.
Trump’s “America First” policy centers around strong protection for manufacturing. He promised significant tariff reductions and promoted the implementation of the Inflation Reduction Act, which will provide up to $1.2 trillion in economic stimulus funds to domestic American businesses. This policy directly benefits heavy industries such as automobiles, steel, and aluminum.
In contrast, Biden’s government’s Inflation Reduction Act focuses on renewable energy, electric vehicles, and battery technology. The bill provides substantial subsidies for these areas and promotes America’s accelerated transition to green energy.
This difference in policy orientation leads to significant differences in the economic structures of U.S. states. Traditional manufacturing-rich states such as Texas, Mississippi, and Arkansas will benefit from tariff policies, …