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Which Industries Stand to Gain or Lose the Most from the Presidential Election?
USATuesday, October 29, 2024
Electric-vehicle (EV) makers and automakers investing in EV technology have a lot at stake. Tax incentives for EVs and emissions standards are on the line. A win for Kamala Harris could mean these benefits stay, whereas Trump might reduce or eliminate them.
Retailers might face increased tariffs on imported goods if Trump wins, impacting sales and profits. Imported clothing, footwear, and electronics could be severely affected. Harris is less likely to impose broad tariff increases.
In the energy sector, traditional oil, gas, and coal producers could benefit from Trump's policies, while clean-energy producers might fare better under Harris. Offshore wind projects could be at risk if Trump is elected.
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