As Election Day approaches, bitter rivals Kamala Harris and Donald Trump are gearing up for a final campaign blitz in Pennsylvania, a crucial battleground state in what has been described as one of the most volatile presidential elections in U.S. history. With polls showing a deadlock nationally and in key swing states, both candidates are making last-ditch efforts to sway undecided voters.
Harris, the Democratic nominee, will spend the entire day in Pennsylvania, culminating in a high-energy rally in Philadelphia featuring pop icon Lady Gaga. The event aims to energize her base and underscore her commitment to becoming the first woman president.
Meanwhile, Trump, the Republican contender seeking a comeback to the White House, will be crisscrossing the state, including stops in North Carolina and Michigan. He has promised his supporters a “landslide” victory and is focused on rallying his supporters in the industrial city of Pittsburgh, where he and Harris will hold dueling events.
This election cycle has been marked by dramatic twists, including two assassination attempts against Trump and Harris’s unexpected late entry into the race. As both candidates fight for every vote, the stakes have never been higher, with Pennsylvania poised to play a pivotal role in determining the next occupant of the Oval Office.
The highly anticipated US presidential elections are set for November 5, with Republican candidate Donald Trump vying against Democratic opponent Kamala Harris. The election outcome is expected to significantly influence key export-oriented sectors, including information technology, pharmaceuticals, and textiles, while indirectly affecting metals, oil and gas, industrials, defense, and utilities, analysts warn.
A potential Trump victory could bring uncertainty regarding tariffs, which may initially boost stock markets. However, analysts are divided on the implications of a Democratic resurgence; some predict a possible 5% correction for domestic stocks, while others expect a neutral market response.
Current polls indicate a notable level of anti-incumbency, potentially favoring the Republican Party. Trump appears to hold a slight lead, positioning him as the frontrunner, while Harris is viewed as the underdog.
The election’s outcome hinges on several swing states, particularly Pennsylvania, which is crucial for Trump’s path to victory. Analysts suggest that winning Pennsylvania significantly increases the likelihood of winning the overall election.
Should Trump secure the presidency, his return to previous tariff proposals could impact the global economy, particularly outside the US. Conversely, a Harris victory might reverse current trends, leading to a global economic “soft landing” and a more expansionary fiscal policy, though likely less aggressive than under Trump. In such a scenario, equity markets, energy prices, and the global dollar could see a neutral impact.
As the election date approaches, all eyes remain on these pivotal states and the potential implications for the domestic and global economy.