The strategic analyst for American conditions at Rabobank, Philip Mari, stated in a research note issued on Monday that Kamala Harris's progress in recent opinion polls against Republican candidate Donald Trump has begun to falter.

The strategic expert predicted that a potential presidency for Donald Trump could result in tighter trade restrictions and an expansion of tariffs on China; with the support of Congress, Trump might be able to lower taxes, lift restrictions on economic activity, and limit immigration.

On the other hand, if Kamala Harris wins the election, the Democratic candidate is likely to follow in Joe Biden's footsteps and continue to enforce the current restrictions against China, while also working to reduce healthcare costs and attempt to lower taxes for the middle class, alongside raising taxes on the wealthy and corporations.

However, two new policy plans by Kamala Harris focus on stopping price manipulation in the food industry and addressing the troubled housing market.

On the other hand, Trump's global tariffs could contribute to rising inflation, which may halt the Federal Reserve's interest rate cutting cycle.

In contrast, Kamala Harris's policies could lead to continuing declines in inflation towards the Federal Reserve's target of 2%, allowing the Federal Reserve to continue its easing cycle next year.