WEBVTT - Jason Oxman Talks Donald Trump's New Tech Policies

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>Here with more on tech policy under the incoming Trump

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<v Speaker 2>administration is Jason Oxman, President and CEO of the Information

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<v Speaker 2>Technology Information Technology Industry Council. Jason, thank you for joining

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<v Speaker 2>us today.

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<v Speaker 3>Jason.

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<v Speaker 2>We wanted to talk to you a little bit more

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<v Speaker 2>about trade and your concerns there. This is something that

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<v Speaker 2>your group has singled out as an area of priority

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<v Speaker 2>and of concern. The Biden administration has put a lot

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<v Speaker 2>of pressure, in particular on China, but that has a

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<v Speaker 2>ripple effect. Talk about that a little.

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<v Speaker 4>What we're really looking for and enthusiastically looking for from

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<v Speaker 4>the Trump administration is more of a strategy that takes

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<v Speaker 4>advantage of opportunities for US companies to succeed internationally. Leadership

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<v Speaker 4>and technology. That's what the US is known for, and

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<v Speaker 4>what we've seen in the Biden administration, unfortunately, is a

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<v Speaker 4>lack of strategy, an inability to match the significant and

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<v Speaker 4>serious national security interests with economic activity that promotes US

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<v Speaker 4>opportunities internationally. So on trade, our excitement and enthusiasm about

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<v Speaker 4>the Trump administration is they're very focused on working in

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<v Speaker 4>partnership to address the China question and We've seen the

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<v Speaker 4>President elect already talk to President She about the strategy

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<v Speaker 4>for dealing with that, about moving forward, working together, what

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<v Speaker 4>we want to make sure happens. US technology leadership continues.

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<v Speaker 4>The economic driver of the US economy is technology, so

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<v Speaker 4>we can make sure that trade becomes a real opportunity

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<v Speaker 4>for further growth.

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<v Speaker 1>Jason, do we not need those acts like a potential

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<v Speaker 1>banning of a significant social media app that touches one

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<v Speaker 1>hundred and seventy million users to ensure national security? That

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<v Speaker 1>was bipartisan in nature, And yes, Trump might come in

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<v Speaker 1>and have a conversation with She about it, but ultimately

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<v Speaker 1>this was bipartisan in nature because of national security concerns.

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<v Speaker 4>The TikTok news of the day is of course very interesting,

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<v Speaker 4>and one hundred seventy million people are watching the outcome there.

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<v Speaker 4>I don't have any prediction about what's going to happen

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<v Speaker 4>on Monday at noon when President elect Trump takes over,

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<v Speaker 4>but it does highlight how really difficult these issues are

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<v Speaker 4>to address, and the larger question of how we address

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<v Speaker 4>the China issue, I think is one that requires a

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<v Speaker 4>real strategy, and what we're looking forward to, what the

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<v Speaker 4>tech industry is looking forward to in the Trump administration

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<v Speaker 4>is he does seem to have more of a focus

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<v Speaker 4>on making this a strategic approach rather than just a

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<v Speaker 4>one off approach. For example, we saw earlier this week

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<v Speaker 4>the Biden administration adopted rules around AI diffusion. So these

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<v Speaker 4>are rules that restrict the ability of US companies to

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<v Speaker 4>export AI technology, including two allied countries around the world.

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<v Speaker 4>That's a huge mistake. It wasn't done in consultation with industry.

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<v Speaker 4>We think the Trump administration will do a better job

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<v Speaker 4>with that kind of issue. But that's an example of

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<v Speaker 4>the need to balance national security with economic interests and

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<v Speaker 4>make sure that US leadership is not harmed by skewing

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<v Speaker 4>too far in one direction or the other. That's what

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<v Speaker 4>we're looking forward to seeing done differently in the Trump administration.

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<v Speaker 1>And certainly Jensen Huang of in videos maybe feels similarly

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<v Speaker 1>and in video pushed back significantly against that latest announcement announcement.

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<v Speaker 1>But what is interesting is that perhaps jd Vance has

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<v Speaker 1>supported well some views coming from Lena Khan, for example,

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<v Speaker 1>about some of the strength and the overall domination some

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<v Speaker 1>would say of certain players in tech. Just listen to

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<v Speaker 1>what Lena Khan said a little bit about the bipartisan

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<v Speaker 1>nature of that.

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<v Speaker 3>There's no doubt that there is strong bipartisan concern about

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<v Speaker 3>the economic power of large technology companies and how that

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<v Speaker 3>can undermine fair competition, undermine people's free speech rights, and

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<v Speaker 3>so well. Of course, have to see what the next

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<v Speaker 3>administration does, but it's certainly been an area of strong

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<v Speaker 3>bipartisan concern during my tenure.

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<v Speaker 1>The FTC chair has some support, as I say, from

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<v Speaker 1>Vice President elect, will you see an enthusiasm around future

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<v Speaker 1>M and A in technology? Do you think?

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<v Speaker 3>Well?

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<v Speaker 4>Leida Khana has about seventy two hours left on the job,

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<v Speaker 4>and the person that the President elect is designated to

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<v Speaker 4>replace her has taken a much more balanced approach and

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<v Speaker 4>we think a more favorable approach to advancing US innovation. Look,

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<v Speaker 4>the President himself is a technology innovator. He is surrounding

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<v Speaker 4>himself by technology innovators who are coming into office, people

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<v Speaker 4>who will be serving in crucial roles and understand the

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<v Speaker 4>vital role that the US technology industry plays in economic growth.

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<v Speaker 4>As far as trade and export around technology. For example,

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<v Speaker 4>we run a three hundred billion dollars surplus in the

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<v Speaker 4>US on digital trade. That's exports of US technology around

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<v Speaker 4>the world. So I think as long as we can

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<v Speaker 4>place regulators as the President elect is looking to do,

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<v Speaker 4>who are willing to listen to industry and make sure

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<v Speaker 4>that balance is struck between national security and economic growth,

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<v Speaker 4>I think will be in a much better place for

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<v Speaker 4>the next four years to ensure that the technology industry

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<v Speaker 4>can work in partnership with government to advance economic growth.

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<v Speaker 1>Xman, President and Sea of the Information Technology Industry Council.

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<v Speaker 1>Thanks so much for your time today.