The presides of the United States of America have a great influence on the technology trend around the world; Therefore, we should be ready for Donald Trump to change the process of growth and developme of technology around the world with his presence in the White House.
Where is the artificial ielligence industry going?
During Trump’s campaign, he pledged to repeal Joe Biden’s 2023 executive order on artificial ielligence; Regarding this decree, he said: “It hinders the innovation of artificial ielligence and imposes the ideas of the radical left on the developme of this technology.”
Experts expect him to make good on that promise, poteially overturning efforts on many regulatory fros, such as dealing with artificial ielligence-generated misinformation and protecting people from algorithmic discrimination.
However, the complete cancellation of Joe Biden’s order is not possible; Trump will not cancel the establishme of the AI Safety Institute by the Secretary of Commerce; While Trump could order his new commerce secretary to shut down the agency, some experts believe it has enough bipartisan support to survive.
As for new initiatives, Trump is expected to promote the use of artificial ielligence in national security. It is also likely to expand export restrictions on AI technology in the name of outpacing China. Currely, US semiconductor companies cannot sell their most advanced chips to Chinese companies.
The jump in the price of electronic consumer goods in America
Trump plans to impose heavy tariffs on imported goods, including a 60 perce tariff on Chinese goods, a 25 perce tariff on Canadian and Mexican goods, and a 10 or 20 perce tariff on all imported goods; He has pledged to do so on the first day of his administration, and after the implemeation of these tariffs, the price of many consumer electronics will increase.
According to a report published in late October by the Consumer Technology Association of America, these tariffs could increase the consumer price of laptops and tablets by 45 perce, video game consoles by 40 perce, monitors by 31 perce, and smartphones by 26 perce.
In total, U.S. consumer spending power for tech products could drop by $90 billion by next year.
The Trump administration may also take a less aggressive stance toward tech gias; Under Biden, the Federal Trade Commission has sued Amazon and Meta for maiaining monopoly power and violating aitrust laws, and has made efforts to block mergers and acquisitions by big tech companies.
Trump is expected to replace Lina Khan, the curre head of the Federal Trade Commission, although it remains unclear how much the new administration, which bills itself as ai-regulatory, will affect the oversight the tech gias face. Executives from major companies including Alphabet, Amazon, Apple, Iel, Meta, Microsoft, OpenAI, and Qualcomm congratulated Trump on social media.
Where are cryptocurrencies going?
On November 6, the day Donald Trump’s victory in the presideial election was announced, the price of Bitcoin jumped 9.5% to over $75,000; A sign that the cryptocurrency world expects to thrive under the next regime.
At the Bitcoin conference in July, Donald Trump promised to make America the “crypto capital of the planet.” If Trump follows through on his promises, he could create a national bitcoin reserve by keeping bitcoin seized by the US governme.
Trump also promised to fire Securities and Exchange Commission Chairman Gary Gensler, who has pushed for more regulation of cryptocurrencies as securities with more governme oversight.
Although it may not be within Trump’s power to fire Gensler; Gensler will likely resign when the new administration begins. However, the appoime of the new chairman of the US Securities and Exchange Commission is up to Trump, and the next chairman’s approach to digital currencies is likely to be much more lenie.
