What will a protectionist President mean for the global tech sector?
Donald Trump’s second term poses challenges for the global tech sector amid rising protectionism. CIOs express concerns regarding potential trade barriers, which could significantly affect US and global markets. Analysts warn that tariffs may raise inflation and impact foreign currencies, while European tech dependency on US firms remains precarious. However, Trump’s policies may stimulate investment and innovation in the US, benefiting global markets. The unpredictability of his administration raises uncertainties for trade, regulations, and AI oversight, potentially impacting collaboration and market dynamics. IT leaders advise preparing for significant changes ahead.