US EditionWill big tech be caught in the crossfire of trade war?
- Amidst growing trade tensions, particularly between the US and EU, the potential imposition of tariffs by the US introduces complexity, especially for the tech sector, which has significant implications for Ireland due to its large presence of US tech multinationals and related employment.
- These trade tensions stem from a desire for reciprocal tariffs and a level playing field, with the US highlighting uneven tariffs on products like fruit spreads and ethanol, while considering tariffs on foreign cars and car parts.
- The EU is considering retaliatory measures, potentially targeting US services exports, including operations of American tech firms, and has the Anti-Coercion Instrument , dubbed the "trade bazooka," which allows for countermeasures like restrictions on trade, investment, and funding.
- Mark Zuckerberg and others have criticized EU regulations, describing them as censoring and innovation-stifling, with Meta even pausing AI model rollouts due to the "unpredictable nature" of the European regulatory environment, though some AI features have since been launched.
- While the precise implications for the tech sector in Ireland remain difficult to predict, concerns about tariffs and trade wars have created uncertainty, potentially leading to paused expansion plans and impacting investment, especially considering Ireland's strategic position within the EU and its role as a gateway for global tech firms.
8 Articles
8 Articles
Will big tech be caught in the crossfire of trade war?
Some of the biggest names in tech were standing behind US President Donald Trump at his inauguration in January. The so-called 'tech bros' or 'broligarchy' have embraced Mr Trump, with many CEOs welcoming his anti-regulation policies.
What is the cost of applying US tariffs in India?
The possible entry into force of tariffs by the United States on its trading partners, including India, could compromise and stretch to the limit the supply of low-cost generic drugs that sustain much of the U.S. health system. Considered “the pharmacy of the world,” the Asian country maintains a dominant position in the U.S. market for the ability of Indian pharmaceuticals to produce high-quality generic drugs at significantly lower prices than…
Investment Monitor
VerdictBig Tech’s future in Europe at risk from Trump, tariffs and data concerns
Trump’s tariffs, an antitrust crackdown, and a frayed US relationship complicate Europe’s relationship with Big Tech.The post Big Tech’s future in Europe at risk from Trump, tariffs and data concerns appeared first on Investment Monitor.
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