As the dust settles on the U.S. Election, companies are quickly analyzing the implications for the economy, business environment, new enforcement priorities and compliance implications.  When new Administrations come into power, change is inevitable.  Given the change with President Trump’s return to the White House, and in light of several of his stated intentions, companies should prepare for this new environment.

The Trump Administration’s priorities are focused on spurring economic growth, reducing inflation, imposing tariffs and stringent trade sanctions, preserving tax cuts and potentially adding new tax cuts, increasing immigration enforcement, and dismantling the “administrative state.”  As part  of this latter effort, the Trump Administration will be digging into the U.S. Department of Justice to make reforms to increase oversight and control of prosecutors and law enforcement.  This is an important initiative and could have far-reaching implications for criminal prosecutions and initiatives.

Foreign policy is likely to be an initial and important priority — the status of the Ukraine-Russia war, the Middle East conflict, and the US relationship with its European allies.  All of these issues will cause the United States to adjust

There are a number of significant questions that have to be reviewed.  But let us remember, we are not writing on a blank slate.  We have President Trump’s first term, 2016 to 2020, which provides some indicators of the impact of President Trump’s strategies and initiatives.

Notwithstanding this viewpoint, we need to acknowledge that the new Trump Administration has identified several different initiatives, and even questioned some of its actions during the first Administration.  Indeed, in some cases, the Trump Administration has explained that they relied too much on “traditional” government operatives.  In this respect, the Trump Administration intends to take more aggressive actions to achieve their objectives.