Trump policy stance may look to make India favourable for Big Tech
Subscribe to enjoy similar stories. United States president-elect Donald Trump’s pro-business, soft regulatory stance may benefit Big Tech companies such as Alphabet, Apple, Meta and Microsoft, which have faced scrutiny for their alleged anti-competitive practices under the outgoing Joe Biden administration.
Lawyers and policymakers believe that Trump's stance could have a spillover effect in India as well, whose tech regulations, which greatly mirror the European Union’s restrictive rules against Big Tech, could become less stringent, making it easier for the American tech titans to operate, they said. Tech industry veterans that Mint spoke with all agreed that the backing of Trump’s presidential campaign by technology chiefs such as Tesla's Elon Musk and Meta's Mark Zuckerberg is a sign that going forward, Big Tech would look to bargain for less-intense calls for stringent anti-competitive measures by leveraging their ties with the 47th president of the United States.
“Big Tech, under Biden, has not had just a difficult four years in terms of being scrutinized on their own home turf—they’ve also felt partially betrayed and left open to the constant firing from the European Union (EU)’s regulators on privacy, market dominance and competition. By siding with Trump, they’ve flipped most of their own stances that they had taken during his previous tumultuous tenure—which reflects that they’d now be hoping to get a more favourable regulatory and policy approach from the incoming government," a senior adviser to tech firms on global policy told Mint, requesting anonymity.
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