Protiviti Flash Report – Addressing the Impact of the 2016 U.S. Elections
November 16, 2016
In case you haven’t heard, there was recently an election here in the United States. Regardless of what you think about the results, it is time for companies to prepare for the changes that are likely to be introduced during the Trump presidency. This latest Protiviti Flash Report explores these potential changes and their potential impact on different industries. Here is a quick summary:
In the aftermath of any presidential election with a change in party leadership, it is often difficult to distinguish campaign promises and policies from what is actually achievable within the Beltway. Time is a great clarifier of the point at which what was promised intersects with what is possible.
With the recent election, achieving clarity is even more challenging because, in many instances, the campaign promises weren’t specific policies at all, but often broad statements regarding such matters as renegotiating trade pacts, reducing taxes, increasing infrastructure spending, and cracking down on offshoring operations with the intent of selling products in the U.S. market. These statements of policy intent often leave the details to be worked out later. Therefore, business leaders in all sectors of the United States as well as executives across the globe hoping to sustain their ties with the U.S. economy are looking forward to transparency as to the new government’s direction, hopefully as soon as in the first 100 days of President-elect Donald Trump’s term.
In this Flash Report, we look at the stated priorities of the Trump administration and how they will impact different industries and policy areas as well as discuss some steps companies can take now as they begin to address the risks associated with changing political realities.