Will the antitrust showdown launched under Biden turn into ’Let’s Make A Deal’ under Trump?

U.S. antitrust watchdogs that pounced on Big Tech may be kept on a shorter leash by Donald Trump next year.

The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden's administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year.

Although regulators began cracking down on tech powerhouses such as Google and Facebook during Trump's first term as president, most experts expect his second administration to ease up on antitrust enforcement and be more receptive to mergers and deal-making after years of hypervigilance under Biden's watch.

One of the biggest reasons underlying the anticipated pivot stems from the widespread belief that the chief architects of the Biden administration's get-tougher stance — Lina Khan of the U.S. Federal Trade Commission and the Justice Department's Jonathan Kanter — won't be part of the Trump regime.

Both the Justice Department and FTC didn't respond to request for comment.

Trump's announcement of billionaire Elon Musk, who once anointed himself as “Technoking,” to oversee an advisory effort focused on slashing government spending could end up reducing the staffs and regulators trying to rein in deep-pocketed companies.

And Trump's nomination of combative supporter Matt Gaetz to be U.S. Attorney General has thrown even more uncertainty into the game. Gaetz has previously lashed out at social media platforms' policies he claims suppress conservative views, and has, at times, joined in on calls to break up Big Tech. He also has a track record of supporting causes trumpeted by Trump.

“There are going to be some profound changes" in antitrust policies, predicts John Kwoka, an economics professor at Northeastern University that has periodically worked on antitrust issues with the FTC and Justice Department. “Elon Musk could end up having a larger-than-life influence on policy, and that isn't something we have seen before, where a single person whispers in the ear of the President."