{"id":45572,"date":"2025-01-24T20:36:02","date_gmt":"2025-01-24T20:36:02","guid":{"rendered":"https:\/\/peraltafinancing.com\/aerospace\/trumps-trade-tech-wars-to-hit-businesses-in-all-sectors-all-over-the-world\/"},"modified":"2025-01-24T20:36:02","modified_gmt":"2025-01-24T20:36:02","slug":"trumps-trade-tech-wars-to-hit-businesses-in-all-sectors-all-over-the-world","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=45572","title":{"rendered":"Trump\u2019s trade, tech wars to hit \u2018businesses in all sectors all over the world\u2019"},"content":{"rendered":"


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Donald Trump at the White House ahead of his inauguration on January 20, 2025. Credit: Win McNamee\/Getty Images.<\/figcaption><\/figure>\n<\/p><\/div>\n

The trade and tech wars that Donald Trump is expected to unleash as central pillars of his second US presidency are the policy areas with the single greatest global impact potential, according to a new briefing.<\/p>\n

GlobalData\u2019s US Elections 2024 \u2013 Executive Briefing (Third Edition): Trump 2.0 Policy Impacts<\/a><\/em> outlines five areas with wide-ranging economic and business impacts where the new Trump administration is geared for action.<\/p>\n

\u201cThese are: \u2018trade war\u2019 \u2013 i.e. protectionism<\/a> (increased tariffs on imports into the US); \u2018tech war\u2019, stemming from the strategic US-China rivalry with broad collateral damage to the global economy; immigration control; tax cuts; and a sharp shift in energy and climate-related policies,\u201d it says.<\/p>\n

The report notes that the motives and agendas behind Trump\u2019s key policies are \u201ctangled and contradictory\u201d, resulting in a great deal of uncertainty. This is \u201ca feature rather than a bug, which Trump likes to \u2018weaponize\u2019 for tactical advantage,\u201d it contends.<\/p>\n

\u201cMore tangible up-front economic pain could include an inflationary squeeze on demand and weak investment resulting from tariff and immigration policies,\u201d the report suggests. \u201cBut Trump will push on with this agenda regardless. Leading indicators of how this policy mix plays out start with the US equity market, which will meanwhile be supported by some of his other key policies.\u201d<\/p>\n

Of the impacts of Trump\u2019s trade and tech wars as the two most significant policy areas, the report states: \u201cTheir economic effects will be compounded by implications for geopolitical tensions with stark binary outcomes. Trump\u2019s tactic of maximum pressure could lead either to confrontation with allies and adversaries alike exacerbating global fragmentation (though Trump\u2019s track record indicates an aversion to armed conflict) \u2013 or, conversely, be used to clinch new deals. Leading indicators here include the handling of the outgoing Biden administration\u2019s actions on AI chip exports, Russian sanctions and the TikTok<\/a> ban.\u201d<\/p>\n

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