Whether the White House is occupied by Donald Trump or Kamala Harris, leaders in the tech sector must be prepared for policy and regulatory shifts.
Both administrations are expected to introduce or modify technology policies that could affect operations, compliance, and innovation.
To successfully navigate these changes, businesses must develop communication strategies in advance. Effective communication with internal and external stakeholders – including employees, boards, investors, customers, media, and regulators – will be essential for maintaining trust and ensuring smooth transitions during periods of policy change. The following breakdown of the expected approaches by each candidate will help executives be ready from day one of either administration.
There will be a continued critical focus on the tech sector no matter how the election unfolds. Both Harris and Trump have stressed the importance of reining in Big Tech—albeit for different reasons.
- If Trump wins reelection, his focus is likely to be on content moderation issues, given claims from the right that tech companies censor conservative voices. Trump has also sporadically raised antitrust concerns, which appear to be driven by perceived censorship versus monopolistic behavior or privacy issues. Trump’s choice of Vance as his running mate reinforces the notion that he would be tough on Big Tech since Vance has been vocal in supporting robust antitrust enforcement. On the other hand, Vance’s experience working closely with VCs suggests he may cultivate a friendlier environment for small companies in technologies like blockchain and defense.
- Harris would be expected to push for regulation and enforcement, while stressing the importance of innovation, especially in the technology race against China. The Biden administration has tried to balance collaboration with tech companies – especially around AI and other emerging technologies – and using U.S. federal agencies to curb Big Tech’s power, particularly on privacy and antitrust concerns. Harris runs the executive branch’s AI task force and would likely continue close collaboration with leading AI companies while also pushing for stricter measures to hold some of those companies accountable for harmful online content and other safety concerns.