With the 2024 election behind us, President-elect Trump set to take office on January 20, 2025, with a Republican-controlled Senate and a likely slim Republican majority in the House, we wanted to take a moment to highlight some of what we believe will be the important outcomes, trends, policy shifts, and political implications that will impact business, consumers, and international relations in the months ahead.
The Resurgence of Neo-liberalism. A seismic shift occurred on election day. After four years of globalization emphasizing free trade, market reliance, and a worker-centered economic policy, the incoming administration is expected to pivot toward deregulation, privatization, austerity, and trade liberalization.
The Rising Importance of State Policies. With continued dysfunction likely in Washington, state capitals will carry more of the weight. Voters weighed in on healthcare, education, climate, crime, and the minimum wage in ways that will shape the operating environment for businesses across industries.
The Rise of Alternative Media. Podcasts and creator-led media proved decisive in this cycle, underlining the continued decline of legacy outlets and the growing influence of individual voices commanding audiences of millions. Communicators should plan accordingly.
What’s Ahead. Expect fewer regulations, a focus on tariffs and trade, a hard line on Iran and China, and renewed pressure to wind down conflicts in Ukraine and Gaza. KARV will continue tracking the implications for our clients across foreign policy, healthcare, energy, the economy, and immigration.
Written by KARV in collaboration with JCI.