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HomeNewsAfter Trump took office, the following changes might have occurred in the global high-tech industry landscape
After Trump took office, the following changes might have occurred in the global high-tech industry landscape
After Trump took office, the following changes might have occurred in the global high-tech industry landscape:
Domestic aspects in the United States
- **Accelerated development and deregulation in the field of artificial intelligence**: Trump paid relatively close attention to artificial intelligence. He might have promoted the repeal of executive orders that hindered artificial intelligence innovation during the Biden administration, lifted restrictions on U.S. Infrastructure as a Service (IaaS) providers selling products to foreigners and other relevant regulatory requirements. This would have provided a more relaxed development environment for U.S. artificial intelligence companies, accelerating the research, development and application of artificial intelligence technologies. However, it might also have raised concerns about the potential risks of artificial intelligence. He might also have pushed for the introduction of artificial intelligence policies favorable to Silicon Valley investors and companies, strengthening the position of the domestic AI industry and consolidating the U.S.'s dominant position in this field. This could have led to a weakened reliance on the U.S. in the global AI industry, while the U.S.'s trade protection and technological barriers in this area might have been strengthened.
- **Reduced antitrust pressure on tech giants**: The antitrust supervision of tech giants by Trump and his team might have been relaxed. For example, Google was once a key focus of antitrust efforts, but it might have been an exception during the Trump period. Antitrust pressures on tech giants such as Apple, Amazon and Meta were expected to decrease in the next few years, which would have been beneficial for these companies to further expand their business and market influence.
- **Positive developments for the cryptocurrency industry**: Trump had publicly expressed support for the cryptocurrency industry and stated that he would replace the chairman of the Securities and Exchange Commission, who had been strictly regulating the cryptocurrency market, after taking office. This might have enabled the cryptocurrency industry to receive more support from the White House. Previous investigations and prosecutions during the Biden administration might have been withdrawn, and industry rules might have tilted in favor of cryptocurrency supporters, thus promoting the development of the cryptocurrency industry.
- **Benefits for traditional technology hardware and network companies**: Trump might have implemented policies such as reducing corporate tax rates and cutting regulations, which would have benefited domestic technology hardware and network companies in the U.S. For example, a lower tax rate would have been advantageous for companies with relatively high tax rates and concentrated revenues in the U.S.; a reduction in regulations would have made the merger and acquisition regulatory environment more favorable for companies that were actively engaged in acquisitions, such as Amphenol, Cisco and IBM.
### International aspects
- **Adjustments to the global high-tech industrial chain**: Trump advocated "America First" and might have continued to promote the return of manufacturing to the U.S. By increasing tariffs on imported products and scrutinizing foreign enterprises' investments in the U.S., he could have urged multinational enterprises to move some production links back to the U.S. or to other regions. This would have deeply affected the layout of the global high-tech industrial chain. Some countries in the Asia-Pacific region might have attracted enterprises to move in to fill the manufacturing gaps, but this shift might have brought long-term uncertainties and economic fluctuations during the transition period.
- **Intensified Sino-U.S. technological competition**: Trump had a tough stance towards China. His taking office might have signaled another escalation of competition and frictions in the technological fields between China and the U.S. He might have continued or intensified restrictions on U.S. enterprises' exports of high-tech products to China, strictly controlled the export of technologies in fields such as semiconductors and artificial intelligence, and stepped up the scrutiny of Chinese enterprises' investments in the U.S. This would have forced China to accelerate its pace in technological independence and might also have led to the risks of "de-Chinaization" or "de-US-ization" in the global technological industrial chain.
- **Impacts of changes in the global trade pattern on the high-tech industry**: Trump preferred bilateral negotiations rather than participating in multilateral mechanisms and might have continued to adopt an attitude of distancing himself from or withdrawing from multilateral cooperation mechanisms. This would have challenged the multilateralism and stability of the global trade system. Countries might have readjusted their trade strategies and industrial layouts, thereby affecting the development and cooperation of the global high-tech industry.
Domestic aspects in the United States
- **Accelerated development and deregulation in the field of artificial intelligence**: Trump paid relatively close attention to artificial intelligence. He might have promoted the repeal of executive orders that hindered artificial intelligence innovation during the Biden administration, lifted restrictions on U.S. Infrastructure as a Service (IaaS) providers selling products to foreigners and other relevant regulatory requirements. This would have provided a more relaxed development environment for U.S. artificial intelligence companies, accelerating the research, development and application of artificial intelligence technologies. However, it might also have raised concerns about the potential risks of artificial intelligence. He might also have pushed for the introduction of artificial intelligence policies favorable to Silicon Valley investors and companies, strengthening the position of the domestic AI industry and consolidating the U.S.'s dominant position in this field. This could have led to a weakened reliance on the U.S. in the global AI industry, while the U.S.'s trade protection and technological barriers in this area might have been strengthened.
- **Reduced antitrust pressure on tech giants**: The antitrust supervision of tech giants by Trump and his team might have been relaxed. For example, Google was once a key focus of antitrust efforts, but it might have been an exception during the Trump period. Antitrust pressures on tech giants such as Apple, Amazon and Meta were expected to decrease in the next few years, which would have been beneficial for these companies to further expand their business and market influence.
- **Positive developments for the cryptocurrency industry**: Trump had publicly expressed support for the cryptocurrency industry and stated that he would replace the chairman of the Securities and Exchange Commission, who had been strictly regulating the cryptocurrency market, after taking office. This might have enabled the cryptocurrency industry to receive more support from the White House. Previous investigations and prosecutions during the Biden administration might have been withdrawn, and industry rules might have tilted in favor of cryptocurrency supporters, thus promoting the development of the cryptocurrency industry.
- **Benefits for traditional technology hardware and network companies**: Trump might have implemented policies such as reducing corporate tax rates and cutting regulations, which would have benefited domestic technology hardware and network companies in the U.S. For example, a lower tax rate would have been advantageous for companies with relatively high tax rates and concentrated revenues in the U.S.; a reduction in regulations would have made the merger and acquisition regulatory environment more favorable for companies that were actively engaged in acquisitions, such as Amphenol, Cisco and IBM.
### International aspects
- **Adjustments to the global high-tech industrial chain**: Trump advocated "America First" and might have continued to promote the return of manufacturing to the U.S. By increasing tariffs on imported products and scrutinizing foreign enterprises' investments in the U.S., he could have urged multinational enterprises to move some production links back to the U.S. or to other regions. This would have deeply affected the layout of the global high-tech industrial chain. Some countries in the Asia-Pacific region might have attracted enterprises to move in to fill the manufacturing gaps, but this shift might have brought long-term uncertainties and economic fluctuations during the transition period.
- **Intensified Sino-U.S. technological competition**: Trump had a tough stance towards China. His taking office might have signaled another escalation of competition and frictions in the technological fields between China and the U.S. He might have continued or intensified restrictions on U.S. enterprises' exports of high-tech products to China, strictly controlled the export of technologies in fields such as semiconductors and artificial intelligence, and stepped up the scrutiny of Chinese enterprises' investments in the U.S. This would have forced China to accelerate its pace in technological independence and might also have led to the risks of "de-Chinaization" or "de-US-ization" in the global technological industrial chain.
- **Impacts of changes in the global trade pattern on the high-tech industry**: Trump preferred bilateral negotiations rather than participating in multilateral mechanisms and might have continued to adopt an attitude of distancing himself from or withdrawing from multilateral cooperation mechanisms. This would have challenged the multilateralism and stability of the global trade system. Countries might have readjusted their trade strategies and industrial layouts, thereby affecting the development and cooperation of the global high-tech industry.