Caixin
Jul 22, 2024 05:52 AM
WORLD

Cover Story: U.S. Presidential Race Upended by Biden’s Withdrawal, Assassination Attempt on Trump

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President Joe Biden’s withdrawal on Sunday under pressure from his own party combined with swelling momentum behind Donald Trump’s bid to return to the White House after an assassination attempt on him at a rally July 13 has upended the U.S. presidential race.

As Democrats scramble to pick a new nominee, Biden endorsed Vice President Kamala Harris to lead the party’s ticket in the Nov. 5 election.

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Explore the story in 30 seconds
  • President Biden withdrew from the 2024 presidential race, endorsing Vice President Kamala Harris despite her low approval ratings.
  • An assassination attempt on Trump heightened enthusiasm for his campaign, uniting both supporters and some previous skeptics.
  • Trump aims to reassert "America First" policies if re-elected, with aggressive tariff proposals and a potential second term reminiscent of his first.
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Explore the story in 3 minutes

The U.S. presidential race has been radically transformed by President Joe Biden's withdrawal and the immediate rise in support for Donald Trump following an assassination attempt [para. 1]. As the Democratic Party searches for a new nominee, Biden has endorsed Vice President Kamala Harris, who faces challenges due to her low approval ratings and previous campaign shortcomings [para. 2][para. 3].

The failed assassination attempt on Trump during a rally in Butler, Pennsylvania, has rejuvenated his campaign. Trump’s defiant response and subsequent portrayal as an "assassination survivor" have garnered sympathy and enthusiasm from voters, even those typically critical of him [para. 4][para. 5][para. 6]. Trump's heroic image brought a unifying effect among his supporters and solidified endorsements from key Republican donors, including Elon Musk, who is financially committing to a pro-Trump super PAC [para. 7][para. 8][para. 9].

The assassination attempt also spurred unity within the Republican Party. Even critics within the party momentarily refrained from attacking Trump [para. 10]. Nikki Haley, a prominent Republican, emphasized party unity in her speech, reflecting a broader sentiment among Republicans to back Trump despite any disagreements [para. 11]. In a departure from his usual rhetoric, Trump, with his wife Melania, called for Americans to rise above political differences, a strategy praised by political analysts [para. 12][para. 13].

If reelected, Trump is expected to revive his "America First" policies, with his senior adviser indicating continuity in his approach. Trump promised to reduce the corporate tax rate and suggested higher tariffs to compensate for revenue loss [para. 14][para. 15][para. 16]. In foreign policy, Trump hinted at substantial tariffs on Chinese goods and proposed negotiating an end to the Russia-Ukraine war, raising concerns about the potential isolationist stance of the U.S.[para. 17][para. 18].

Trump’s influence has grown among conservatives, making it difficult for moderate Republicans to challenge his agenda. Key figures align closely with his ideology, indicating a potentially more radical second term [para. 19][para. 20]. Former Kansas Governor Jeff Colyer noted that, despite current trends, the political landscape could still change significantly before the election [para. 21].

The Democratic Party has been destabilized since Biden's underwhelming performance in a televised debate, after which many Democratic lawmakers publicly and privately called for his withdrawal [para. 22][para. 23]. Polls show Trump leading Biden by a significant margin in key swing states, indicating a favorable position for Trump as the election approaches [para. 24].

Other potential Democratic candidates such as governors Josh Shapiro and Gretchen Whitmer have better polling numbers in swing states compared to Biden. Political analysts suggest that the Democrats might benefit from selecting a popular governor to contend with Trump [para. 25]. Given the current disorder, voters are leaning towards the opposition party, and Trump’s unified Republican base gives him a significant advantage [para. 26].

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What Happened When
February 2024:
Trump said he would impose tariffs of 60% or higher on Chinese goods and a blanket 10% duty on all U.S. imports if reelected.
June 2024:
In a private meeting with top U.S. business leaders, Trump promised to lower the corporate tax rate to as low as 15%.
June 2024:
In a private meeting with Republican lawmakers in Washington, Trump broached the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax.
June 27, 2024:
Biden's performance in the first televised debate where he appeared befuddled and slow to react.
July 11, 2024:
President Biden leaves a press conference after the NATO summit in Washington.
July 13, 2024:
Assassination attempt on Trump at a rally in Butler, Pennsylvania, where Trump was grazed by a bullet.
July 15, 2024:
At the Republican National Convention in Milwaukee, Trump was greeted by an enthusiastic crowd chanting “Fight! Fight! Fight!”
By July 17, 2024:
Polls indicated Biden trailed Trump by 3 to 6 percentage points in key swing states.
July 21, 2024:
President Joe Biden announced his withdrawal from the presidential race and endorsed Vice President Kamala Harris.
AI generated, for reference only
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