The recent return of Donald Trump to the White House raises uncertainties for the global tech industry. A Forrester report presents two potential economic scenarios: one where import tariffs drive inflation and increase interest rates, and another involving spending cuts from a new initiative aimed at deregulation, potentially lowering interest rates. Both paths threaten the imports crucial to the US economy and could negatively affect major trade partners like China and Mexico, particularly impacting their export growth. With major industries at stake, the future of tech spending remains ambiguous.
Lower spending would slow imports and make it more difficult for exporter countries to the US, like China, Mexico, Germany, Ireland, Taiwan, Japan, South Korea, and Canada, to find growth.
European life sciences, automotive, and chemicals are the most vulnerable industries to a new US presidency, with 69 percent of European exports to the US coming from machinery, transport equipment, chemicals, and chemical-related products.
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