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4. Regulatory environment
Recent presidents have increasingly relied on executive powers to make policy, causing pendulum swings in regulation. We expect this trend to continue, and the outcome of the upcoming election, when combined with recent court decisions, could significantly change the regulatory environment.
5. Climate and environment
The Biden-Harris administration has prioritized climate change policies such as rejoining the Paris Agreement and promoting electric vehicles. If Trump is re-elected, many existing policies may be reversed in favor of those that support fossil fuels over renewables.
6. Workforce
Harris and Trump each see themselves as a champion of labor and the working class, but they have different approaches to workforce issues, particularly immigration. The next president may need to use executive authority to address immigration challenges — at the border and in terms of legal and undocumented immigration — as Congress continues to struggle to pass legislation. Expect immigration policy to remain a divisive issue on the campaign trail.