Tech giants’ courtship of President Trump yields no favors as administration imposes tariffs and cuts funding for emerging technologies. Despite lavish gestures and donations to the inauguration, Trump’s second term has seen a different approach towards the technology industry. The president’s actions, including regulatory scrutiny and immigration restrictions, have led to a decline in the market value of major tech companies.
Efforts by tech executives to engage with Trump have not yielded results, with critics calling the relationship a “one-way street.” A landmark antitrust trial targeting Meta is set to begin, indicating continued regulatory pressure on big tech firms. Despite donations and flattery, the tech industry still faces challenges under the current administration.
Notably, the tech industry has experienced a shift in tone towards Trump since his assassination attempt, with executives offering praise and support. However, the administration’s policies, including tariffs on Chinese imports, have posed new challenges for tech companies like Apple.
While some benefits, such as delayed action on TikTok and a light regulatory touch on A.I., have been observed, tech companies are still under intensifying pressure from the Trump administration. The appointment of key officials critical of the tech industry and ongoing antitrust litigation point towards a challenging road ahead for tech giants. Despite efforts to engage and seek favor with the administration, tech executives find themselves facing greater uncertainties and regulatory scrutiny in Trump’s Washington.
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