Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: Here with more on tech policy under the incoming Trump
Speaker 2: administration is Jason Oxman, President and CEO of the Information
Speaker 2: Technology Information Technology Industry Council. Jason, thank you for joining
Speaker 2: us today.
Speaker 3: Jason.
Speaker 2: We wanted to talk to you a little bit more
Speaker 2: about trade and your concerns there. This is something that
Speaker 2: your group has singled out as an area of priority
Speaker 2: and of concern. The Biden administration has put a lot
Speaker 2: of pressure, in particular on China, but that has a
Speaker 2: ripple effect. Talk about that a little.
Speaker 4: What we're really looking for and enthusiastically looking for from
Speaker 4: the Trump administration is more of a strategy that takes
Speaker 4: advantage of opportunities for US companies to succeed internationally. Leadership
Speaker 4: and technology. That's what the US is known for, and
Speaker 4: what we've seen in the Biden administration, unfortunately, is a
Speaker 4: lack of strategy, an inability to match the significant and
Speaker 4: serious national security interests with economic activity that promotes US
Speaker 4: opportunities internationally. So on trade, our excitement and enthusiasm about
Speaker 4: the Trump administration is they're very focused on working in
Speaker 4: partnership to address the China question and We've seen the
Speaker 4: President elect already talk to President She about the strategy
Speaker 4: for dealing with that, about moving forward, working together, what
Speaker 4: we want to make sure happens. US technology leadership continues.
Speaker 4: The economic driver of the US economy is technology, so
Speaker 4: we can make sure that trade becomes a real opportunity
Speaker 4: for further growth.
Speaker 1: Jason, do we not need those acts like a potential
Speaker 1: banning of a significant social media app that touches one
Speaker 1: hundred and seventy million users to ensure national security? That
Speaker 1: was bipartisan in nature, And yes, Trump might come in
Speaker 1: and have a conversation with She about it, but ultimately
Speaker 1: this was bipartisan in nature because of national security concerns.
Speaker 4: The TikTok news of the day is of course very interesting,
Speaker 4: and one hundred seventy million people are watching the outcome there.
Speaker 4: I don't have any prediction about what's going to happen
Speaker 4: on Monday at noon when President elect Trump takes over,
Speaker 4: but it does highlight how really difficult these issues are
Speaker 4: to address, and the larger question of how we address
Speaker 4: the China issue, I think is one that requires a
Speaker 4: real strategy, and what we're looking forward to, what the
Speaker 4: tech industry is looking forward to in the Trump administration
Speaker 4: is he does seem to have more of a focus
Speaker 4: on making this a strategic approach rather than just a
Speaker 4: one off approach. For example, we saw earlier this week
Speaker 4: the Biden administration adopted rules around AI diffusion. So these
Speaker 4: are rules that restrict the ability of US companies to
Speaker 4: export AI technology, including two allied countries around the world.
Speaker 4: That's a huge mistake. It wasn't done in consultation with industry.
Speaker 4: We think the Trump administration will do a better job
Speaker 4: with that kind of issue. But that's an example of
Speaker 4: the need to balance national security with economic interests and
Speaker 4: make sure that US leadership is not harmed by skewing
Speaker 4: too far in one direction or the other. That's what
Speaker 4: we're looking forward to seeing done differently in the Trump administration.
Speaker 1: And certainly Jensen Huang of in videos maybe feels similarly
Speaker 1: and in video pushed back significantly against that latest announcement announcement.
Speaker 1: But what is interesting is that perhaps jd Vance has
Speaker 1: supported well some views coming from Lena Khan, for example,
Speaker 1: about some of the strength and the overall domination some
Speaker 1: would say of certain players in tech. Just listen to
Speaker 1: what Lena Khan said a little bit about the bipartisan
Speaker 1: nature of that.
Speaker 3: There's no doubt that there is strong bipartisan concern about
Speaker 3: the economic power of large technology companies and how that
Speaker 3: can undermine fair competition, undermine people's free speech rights, and
Speaker 3: so well. Of course, have to see what the next
Speaker 3: administration does, but it's certainly been an area of strong
Speaker 3: bipartisan concern during my tenure.
Speaker 1: The FTC chair has some support, as I say, from
Speaker 1: Vice President elect, will you see an enthusiasm around future
Speaker 1: M and A in technology? Do you think?
Speaker 3: Well?
Speaker 4: Leida Khana has about seventy two hours left on the job,
Speaker 4: and the person that the President elect is designated to
Speaker 4: replace her has taken a much more balanced approach and
Speaker 4: we think a more favorable approach to advancing US innovation. Look,
Speaker 4: the President himself is a technology innovator. He is surrounding
Speaker 4: himself by technology innovators who are coming into office, people
Speaker 4: who will be serving in crucial roles and understand the
Speaker 4: vital role that the US technology industry plays in economic growth.
Speaker 4: As far as trade and export around technology. For example,
Speaker 4: we run a three hundred billion dollars surplus in the
Speaker 4: US on digital trade. That's exports of US technology around
Speaker 4: the world. So I think as long as we can
Speaker 4: place regulators as the President elect is looking to do,
Speaker 4: who are willing to listen to industry and make sure
Speaker 4: that balance is struck between national security and economic growth,
Speaker 4: I think will be in a much better place for
Speaker 4: the next four years to ensure that the technology industry
Speaker 4: can work in partnership with government to advance economic growth.
Speaker 1: Xman, President and Sea of the Information Technology Industry Council.
Speaker 1: Thanks so much for your time today.