Trump's Business Allies: Not So Sure About Big Tech
USAThu Nov 14 2024
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CNBC's Jim Cramer recently sparked a conversation among investors. He suggested that Donald Trump's administration might not be as cozy with big businesses as many think. Some of Trump's advisors, like JD Vance, are critical of large companies accused of having too much power. They're especially tough on tech giants like Google.
Cramer pointed out that Trump might be swayed by this view. After all, Big Tech didn't exactly back him during the election. Trump promised tax cuts and less regulation, leading some to expect a more business-friendly stance. But regulators under President Joe Biden, like Lina Khan and Jonathan Kanter, have been hard on big corporations, especially in tech.
Vance is different from many Republicans. He's a critic of Big Tech and has even called Google "dangerous, " advocating for its breakup. He's also praised Khan's work. Even Trump's attorney general pick, Matt Gaetz, has been critical of Google.
Cramer warns that this mixed message among Republicans could make it hard to predict which stocks will do well under Trump. But he's confident that investors will still make money, just like they did under Biden. He advises not to focus too much on regulators when making investment decisions.
The Trump campaign didn't comment right away.
https://localnews.ai/article/trumps-business-allies-not-so-sure-about-big-tech-df4f9206
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