The 2024 US presidential election is proof that in America nothing succeeds like excess.
The standing down of President Biden is just the latest twist in this extraordinary race – and could be the circuit breaker the Democrats are looking for. It removes age as an issue for them and potentially refocuses the campaign, with Kamala Harris the standard bearer.
She is within striking distance of Trump in national polls and involves the least disruptive transition to the Democrat campaign. Trump may seek to ridicule ‘laughing’ Kamala but that could backfire with voters, particularly women. She will need a running mate who can appeal in the swing states and has a compelling personal story. This will inject new energy into the campaign.
Undoubtedly, Trump has momentum. The former president’s acceptance speech at the RNC did not chart a new policy direction or presage a kinder, gentler politics. That is not what fuels the Maga engine. Trump has harnessed the anger of those Americans who feel like outsiders in their own country, threatened by rapid change, identity politics and left behind by the widening of income and wealth inequalities.
The selection of JD Vance, a smart and articulate convert to Maga is a signal that Trump is not looking to appeal to the ever-shrinking pool of moderates or independents. In Trump’s eyes, Maga is here to stay, and Vance is its tribune.
The Democrats’ best strategy now is to turn the election into a referendum on Trump’s negatives, which they define as the chaos of his first term and threat to American institutions. The departure of President Biden provides that opportunity.
US elections are determined by turnout. The Maga base is energised by Trump’s ‘resurrection’. Democrats will now have to pick themselves off the floor and push the buttons of various sections of the electorate to motivate turnout.
In many ways, this is now a race between Vance and Harris, who is the most likely Democrat nominee. The age issue has been turned on its head. Vance’s views come into focus now that he is only a heartbeat away from the presidency.
Many women will vote to send a message on restriction of abortion rights. Vance’s strong views on restricting abortion rights provide a perfect foil for this argument. Harris is best placed to run that argument. Trump has soft-pedalled on the issue in recognition of its lethality to his campaign.
What does this mean for Australia and the rest of the world? Do not expect much change in international economic policy from either side of politics.
Trump upended trade policy in 2016, forcing Hillary Clinton to disown her administration’s centrepiece trade strategy for the Indo-Pacific, the Trans-Pacific Partnership (TPP), which dealt a major blow to the US pivot to the region. Since then, market access agreements have been off the table for both sides of politics with more interest in how to tilt the playing field in favour of US firms by imposing higher labour and environmental costs on foreign competitors.
Covid 19 and the technological cold war with China are also reshaping industrial supply chains with more reshoring and friend-shoring in the offing. The Aukus capability pact and the Quad focus on critical and emerging tech are leading examples of this trend. Both Trump and a reelected Democrat administration will double down on this, with perhaps more onshoring in Trump’s case.
One major point of difference is climate change policy and international cooperation. Trump is likely to again withdraw from the Paris agreement and promises to drill for more oil from day one, further extending America’s energy independence and fossil fuel exports. His industry policy is lower energy costs and less regulation to attract more onshoring.
Trump’s tech policy is unclear. He flip-flopped on the banning of TikTok. He is courting the Silicon Valley titans, who are turning Maga in the hope of less tax on capital and no more regulation. Trump’s main beef with big tech is that it restricts free speech (his speech) on social media. Vance is a fan of support for little tech in opposition to big tech, and this appeals to his venture capitalist backers.
The Trump mantra of ‘no more wars’ appeals to an electorate exhausted by the blood and treasure expended in Afghanistan and Iraq. It is likely he will follow through on solving Ukraine in one day (by effectively abandoning it), he is encouraging Israel to ‘finish the job’ in Gaza as soon as possible (that is, not on his watch) and the signal to China on Taiwan is very mixed. However, many Republicans are ardent supporters of Taiwan and its right to exist. This could put a brake on Trump sacrificing Taiwan on the altar of a grand bargain with China on trade.
Trump is ahead now but we saw over the weekend how quickly things can change. As they used to say on World Championship Wrestling, anything can happen – and probably will.
Arthur Sinodinos is a former Australian ambassador to the US. He is the partner and chair of The Asia Group’s Australia practice and was a former minister for industry, innovation and science
Source: US Politics - theguardian.com
