What You Need to Know from the Trump-Harris U.S. Presidential Debate

Mitrade
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Mitrade
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Insights -  On Tuesday night, the U.S. presidential debate took place, during which Trump and Harris discussed tariffs, immigration, abortion rights, and the Gaza conflict.


Tariffs and Immigration


Harris criticized Trump’s plan to impose high tariffs on foreign goods, likening it to a sales tax on the middle class, while promoting her own tax relief plans. She emphasized that Trump left the country with severe unemployment issues.


Trump challenged Harris for the persistent inflation during the Biden administration, stating that inflation is a "disaster for the people, for the middle class, and for every segment of society." He then quickly shifted to his primary issue of immigration, once again alleging—without evidence—that immigrants from "mental hospitals" are crossing the southern border into the U.S.


Abortion Rights


Both candidates addressed abortion and reproductive rights, critical issues in the 2024 campaign. Harris stated that since the overturning of Roe v. Wade, the Biden-Harris administration has led efforts to advocate for abortion rights, criticizingTrump’s policies and the Hyde Amendment, which restricts federal funding for most abortion procedures. Harris also asserting that he should not dictate what women can do with their bodies.


Trump described the Democrats as radical on this issue but stated he would not sign a nationwide abortion ban, accusing Harris of spreading lies. He argued that abortion should be resolved at the state level.


Gaza Conflict

  

Harris called for a ceasefire and hostage exchange in Gaza, expressing sympathy for both Israelis and Palestinians. While condemning Hamas's attacks on Israel.


Trump claimed that such a conflict would not have occurred during his presidency, suggesting that if Harris wins, Israel would face significant challenges due to her perceived stance on the country. Harris refuted this, emphasizing her support for Israel and commitment to its right to defend itself.


Housing


Harris once again highlighted high housing costs during the debate, a major concern for voters. She reaffirmed her commitment to providing $25,000 in down payment assistance for first-time homebuyers, contrasting her focus on public concerns with Trump’s approach.


Harris pledged to stimulate the construction of over 3 million homes and apartments in four years to tackle the housing shortage. The plan includes increasing private sector construction and providing subsidies, though it will face challenges from partisan politics.


According to the New York Times, Harris's campaign team is enthusiastic about a second debate, with her spokesperson indicating it should be scheduled for October.


* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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