US election: For dealmakers, regulatory chaos would undercut Trump's pro-business tilt
Trump presidency.
That's because executives expect a Trump administration would also bring with it policy uncertainty, trade wars, protectionism, and inflationary pressures, which will slow down mergers and acquisitions activity, interviews with bankers, lawyers and consultants show.
That's leading some dealmakers to believe the environment for corporate M&A activity might not look much different under either presidential candidate: Trump or Democratic rival Kamala Harris.
Instead, dealmakers are waiting for the uncertainty around the outcome of the election itself to resolve, predicting mergers and acquisitions will pick up by early next year. In recent days, polls have projected that Harris and Trump remain neck-and-neck in the race for the presidency.
«With regard to election cycles, uncertainty is oftentimes the main factor. Once we have a decisive president-elect, that uncertainty will be removed and the markets can predict with a little bit more clarity as to what the policy dynamics might be going forward,» said Scott Joachim, co-chair of the private equity practice at Paul Hastings.
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