As Donald Trump prepares to take office as the 47th United States president, we outline the policy positions we expect to see across five key areas that will have significant implications for business. Trump has pledged to lower taxes, cut regulation and impose new tariffs on imported goods.
The ability of the new President to implement his plans will be heavily impacted by the makeup of Congress. With President-elect Trump’s party controlling the Senate, and likely to control the House, Trump’s new administration will be well-positioned to see its legislative agenda embraced by Congress in 2025.
In addition, 2025 will be a watershed year in US tax legislation as the 2017 Trump tax cuts will expire, impacting individuals and various corporate tax provisions, while clients will need to prepare for the US government’s response to other countries’ plans to implement Pillar 2.
We also anticipate a mixed impact on dealmaking, with a likely return to more traditional regulatory scrutiny and antitrust enforcement, along with an anticipated increase in trade restrictions and inflation, leading to varied sectoral implications across Healthcare, Technology, Oil and Gas and CG&R. While many specifics remain uncertain, the need for preparation is key.
For more information on the business impact of a new US administration, click here for our insights on five areas where we anticipate near-term business impact.
