The differing economic visions of Trump and Harris highlight the stakes of the upcoming US elections, particularly for foreign economies like Israel's that are closely tied to US policies.
Trump's approach may favor immediate growth for Israeli tech firms, but the long-term implications of his policies could undermine economic stability.
Harris's focus on social equity and green technology may align more closely with global trends toward sustainability, potentially benefiting Israel's innovation sector.
If Trump wins, expect a shift in US foreign policy that could strain relations with Europe and exacerbate global economic tensions.
Harris's victory could lead to increased investment in clean technology and a more collaborative approach to international trade, benefiting Israeli companies in that sector.
The potential for 'de-dollarization' may gain momentum if Trump's policies push countries to seek alternatives to the US dollar, impacting global financial dynamics.
As the 2024 US elections approach, the economic policies of candidates Donald Trump and Kamala Harris are drawing attention due to their potential impact on the Israeli economy. Trump's administration is characterized by tax cuts and tariffs aimed at boosting domestic production, while Harris promotes increased taxes on the wealthy and a shift toward a green economy. These contrasting approaches could significantly influence Israeli companies, particularly in the technology sector, which relies heavily on US support amidst ongoing regional conflicts.
Trump's policies may provide growth opportunities for Israeli firms operating in the US, but they risk widening social gaps and weakening the American economy in the long term. Conversely, Harris's strategy may foster international cooperation and innovation, benefiting Israel's sustainable technology sector. The Jewish community in the US remains divided on these candidates, reflecting a complex relationship influenced by Israel's political landscape.
In a broader context, Trump's potential re-election raises concerns about the future of the US dollar as the world's reserve currency. His administration may impose sanctions on foreign companies, prompting discussions in Europe about 'de-dollarization' and the establishment of alternative payment systems. European leaders, particularly in Germany and France, express apprehension over Trump's foreign policy, fearing it could lead to a more fragmented global economy.
