By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > What the world thinks of Harris versus Trump
News

What the world thinks of Harris versus Trump

News Room
Last updated: 2024/10/21 at 10:13 AM
By News Room
Share
7 Min Read
SHARE

Unlock the US Election Countdown newsletter for free

The stories that matter on money and politics in the race for the White House

Sitting in Europe, it is easy to believe that the whole world is willing on Kamala Harris. Not so. Many powerful governments want Donald Trump to win the US presidential election.

The pro-Trump camp includes Israel, Russia, India, Hungary, Argentina and Saudi Arabia. In the pro-Harris camp you can find Ukraine, most of the EU, Britain, Japan, Canada, Brazil, South Africa and many others.

Russia’s stake in a Trump victory is obvious. The prospect that a Trump-led US would cut off aid to Ukraine would hand Vladimir Putin the victory he has so far been denied on the battlefield. The Russian leader’s smirking remark that he would prefer Harris to win simply demonstrates that he has mastered the art of trolling.

Putin’s dream is the EU’s nightmare. If Ukraine is vanquished, the eastern flank of the EU and Nato would be exposed to potential Russian aggression. Even if Trump did not actually pull the US out of Nato (as some former aides have said he might), he could gravely undermine the alliance by repeating his suggestion that the US will not automatically defend its Nato allies.

Trump’s promise to impose 10-20 per cent tariffs on all imports is also a major threat to the European economy and, in particular, to big exporting countries such as Germany. It could spark a trade war with the EU.

There are, however, governments in Europe that break with the pro-Harris consensus. Italy’s Giorgia Meloni has political roots in the far right and may feel well positioned to mediate between Trump and the EU. Hungary’s Viktor Orbán has built a special relationship with the Maga right in America. They share his loathing of immigration and seem keen to learn from his success in undermining Hungary’s democratic institutions.

Orbán would see a Trump victory as a sign that the ideological winds are blowing in his direction across the west. Populist and far-right parties in Europe — such as France’s National Rally and the Alternative for Germany — might also look to a Trump White House for guidance and support. With Trump back in office, Europe’s liberal democracies would be in danger of being caught in a vice between the US, Russia and the far right within Europe itself.

Trump’s stress on power politics and his indifference to democracy and human rights worries the EU. But it makes him the preferred partner for Benjamin Netanyahu’s Israel, Mohammed bin Salman’s Saudi Arabia and Narendra Modi’s India.

Harris is regarded with suspicion in Israel because she has been marginally more critical of Israel than Joe Biden — and avoided attending Netanyahu’s recent speech to Congress, pleading a prior engagement. As one Israeli executive told me: “Eighty per cent of American Jews will vote for Harris. But 80 per cent of Israelis would vote for Trump.”

The Biden administration long ago abandoned talk of making Prince Mohammed a “pariah”, and is instead working towards a new Saudi-US security treaty, as a way of bolstering American influence in the Middle East. But MBS will remember that Democrats led the effort to shun him after the gruesome murder of the Saudi journalist Jamal Khashoggi. The Saudi leader may also have picked up on hints that the Harris team are more sceptical about providing security guarantees to his country than Biden’s advisers. By contrast, MBS and his coterie have long enjoyed close diplomatic and business ties to the Trump camp and, in particular, to the former president’s son-in-law, Jared Kushner.

The commitment to a strong relationship with India is now bipartisan in Washington. Modi’s government has signed important agreements with the Biden administration. But Modi and his followers see the Democrats as too inclined to pressure them on minority rights and the protection of democracy. In India it is now common to blame interfering US liberals for bringing about “regime change” in Bangladesh earlier this year — which the Indians fear will bring Islamists to power. As a fellow strongman leader and ethno-nationalist, Modi would feel more comfortable with Trump than Harris, despite her familial links to India.

In east Asia, however, America’s allies have every reason to be seriously concerned about the prospect of a Trump presidency. The Biden team has done a good job of building up the US alliance system in the Indo-Pacific, in a bid to contain Chinese power. But Trump has made it clear that he regards key US allies such as Japan and South Korea as freeloaders. He has also implied, at times, that he has little interest in defending Taiwan.

All that should be music to the ears of the Chinese leadership, which would love to see Taiwan abandoned and the destruction of the American alliance system in Asia. On the other hand, Trump has also promised to impose tariffs of as much as 60 per cent on Chinese imports — and the US remains China’s largest export market. Trump is also surrounded by anti-China hawks such as Mike Pompeo, his former secretary of state. If the hawks are given free rein, then US policy on China could become much more confrontational.

For many foreign governments, the crucial difference between Trump and Harris is not just ideological but temperamental. A Harris administration would be stable and predictable. Trump would bring wildness and volatility back to the Oval Office.

[email protected]

Video: America divided: the women who vote for Trump | FT Film

Read the full article here

News Room October 21, 2024 October 21, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
3 reasons why crypto is selling off

Watch full video on YouTube

How Close Are We To Robots That Actually Do Chores?

Watch full video on YouTube

Uber Stock: A Platform The Market Still Underestimates (NYSE:UBER)

This article was written byFollowI am a Finance student at the University…

Mark Rutte, Europe’s Trump whisperer-in-chief

The morning after striking a deal with Donald Trump over Greenland that…

Ukraine must give up territory for war to end, Russia insists ahead of talks

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Uber Stock: A Platform The Market Still Underestimates (NYSE:UBER)

By News Room
News

Mark Rutte, Europe’s Trump whisperer-in-chief

By News Room
News

Ukraine must give up territory for war to end, Russia insists ahead of talks

By News Room
News

Revolut scraps US merger plans in favour of push for standalone licence

By News Room
News

Pathward Financial, Inc. (CASH) Q1 2026 Earnings Call Transcript

By News Room
News

Flatter Trump or fight him? Smart billionaires do both

By News Room
News

Intel shares slide as chipmaker says supply chain constraints will limit growth

By News Room
News

Venezuela’s lawmakers back oil sector reforms

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?