Will the Trump-Harris confrontation help turn the tide, benefit the veteran businessman, or spark a youthful "wave"?

US Vice President Kamala Harris and former President Donald Trump just had 90 minutes of face-to-face debate, exactly 8 weeks before their official confrontation on the ballot. Commentators said that these were "important moments that could turn the extremely tight 2024 race".

US Election 2024: Can the Trump-Harris confrontation turn the tide? (Source: Getty Images)

The debate was held in Philadelphia and was the first time the current and former vice presidents met in person.

A new Times/Siena poll shows Donald Trump has a one-point advantage over Kamala Harris among likely voters. Election forecaster Nate Silver says Trump is the slight favorite to win the Electoral College, making him closer to victory.

Meanwhile, the latest PBS News/NPR/Marist poll released today shows Harris leading Trump by one point nationally among registered voters. The poll found that Trump has 49% support among independents while Harris has 46%, and the former president is currently leading among Latino voters surveyed at 51%.

One-third of registered voters said the Trump-Harris debate would help them “a lot” in making their choice.

Public opinion believes that this debate could affect the balance of power between the two presidential candidates: either former President Trump can erase the positive echoes of the Harris-Walz “honeymoon” period, even neutralize Ms. Harris’s campaign; or Ms. Harris will stir up a new “wave” within the Democratic Party and easily win an overwhelming victory in the November election.

Business Insider commented that this is a high-risk confrontation for former President Trump, because the appearance of Ms. Harris seems to have turned what once seemed like a certain victory for Mr. Trump into essentially an even battle.

Meanwhile, participating in the debate seems to give Ms. Harris momentum as Mr. Trump has struggled to make a clear attack, as he has lost ground since incumbent President Biden dropped out of the race and declared his “right-hand man” support.

So what are the candidates’ plans? Polls consistently show that American voters now consider the “health” of the economy to be the biggest issue in the election.

Of course, for former President Trump, the only thing that can be focused on is the economy, as it is considered the top priority of voters, his strength and also Ms. Harris's weakness.

The latest Times poll shows that Mr. Trump (55%) has a big advantage over Ms. Harris (42%) on who would be better able to handle and steer the problems in the US economy. This means a gap of up to 13% between the two candidates.

A late August Wall Street Journal poll also showed Mr Trump with an 8-point advantage when voters were asked who would handle the economy best. He also led by 5 points on who would handle inflation better.

Still, while former President Trump's margins look pretty good, they're far from the 20-point advantage he enjoyed over President Joe Biden on both issues late last year.

Despite the positive economic results of the past few months, Americans are generally unenthusiastic about the way the Biden administration, with Ms. Harris serving as vice president, is operating. Most American voters believe that Ms. Harris is partly responsible for rising prices, problems arising from the US military withdrawal from Afghanistan, and problems at the US southwest border.

Before the debate, American media commentators, in typical Trump fashion, were “prepared” for some criticism of their opponent. Trump was likely to target Ms. Harris’s biggest “weaknesses” — calling her recent shifts in opinion unreliable and insincere .

Harris, meanwhile, will seek to establish and emphasize some of her own economic plans. The vice president recently added a series of policy positions to her campaign website that show her willingness to break with the current administration on some major issues.

For example, Ms. Harris has proposed giving up to $25,000 to first-time homebuyers, a potential $50,000 tax credit for small business owners, and even disagreed with President Biden by proposing a 28% income tax rate for those earning at least $1 million — lower than the 39.6% proposed by the White House.

However, according to the media, for some Americans, especially those on Wall Street, the constant “war” between the Republican and Democratic parties has become more of a “headache” than anything else.

There are plenty of outspoken advocates in the U.S. financial industry — and pledges to donate — to both sides. But for some private equity investors and hedge fund managers, joining the fray simply means spending less time managing their own money.

As some in Silicon Valley feel, the constant debate over the US election has left some feeling frustrated, especially at a time when so many businesses and startups are struggling.

Of course, supporting one side or choosing to "not care" is the prerogative of the American voter, but that doesn't mean everyone in the technology and finance industries is indifferent to this highly influential election.

Faced with the above situation, both US presidential candidates want to make a difference in this debate. Politico commented that after a sweet political "honeymoon", Ms. Harris's momentum has slowed down but has not stopped completely. As for Mr. Trump, despite a month and a half of being judged as being bad, the former US President still showed formidable perseverance.

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