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In preparation for the incoming U.S. presidential administration, Page has been convening members to discuss and understand the risks and opportunities posed by a second Trump term, for both U.S. and international-based organizations. Below are a few high-level considerations from these Page Conversations to help communicators prepare for what has been promised to be an eventful first 100 days.
Tariffs
Tariffs are the biggest immediate concern for many. Regardless of where your organization is headquartered, Trump’s tariff plan will likely impact your organization. As Brunswick Group’s Dr. Lanhee Chen explained, it is helpful to think of the tariffs in three different buckets.
In a separate Page Conversation, APCO Worldwide’s Safiya Ghori-Ahmad explained how the popularity of Trump’s tariff plans in the U.S. reflects a broad public desire for companies to build up their domestic operations and supply chains. If you represent a U.S. business that has increased its domestic footprint in recent years, now is the time to maximize communication strategies around that growth and presence. On the other hand, if your organization has offshored manufacturing or operations, especially to China, then the attitudes and actions of the incoming administration pose an outsized risk.
If you represent a U.S. business that has increased its domestic footprint in recent years, now is the time to maximize communication strategies around that growth and presence.
Climate and ESG
Businesses should still work to meet their climate commitments, regardless of the actions Trump may take. As ExxonMobil CEO Darren Woods said in his plea to remain in the Paris Climate Agreement, it is incredibly inefficient for businesses to start and stop climate efforts every four years, depending on who sits in the Oval Office. It’s much more effective to commit to long-term views and strategies that are resilient enough to survive a change in administration, considering commitments to sustainability are only profit-generating if executed to completion.
But ESG, as a concept, will likely need a makeover to survive in the U.S. for a second Trump term. Considering how members of the incoming administration have publicly attacked ESG in the past, these strategies will have a target on their back. Page is about to launch new research into how companies behave and communicate on climate issues and diversity, equity and inclusion. The data backs this concern while revealing the concepts behind DEI remain popular once the stigmatizing labels have been removed.
Plan Now, Act Later
To prepare for the challenges and opportunities ahead, communicators and their teams should focus on proactive strategies that ensure agility and alignment.