Digital Boom Under Trump as President
Under President Donald Trump (2017-2021), the digital economy in the United States has seen remarkable development, but this boom has been driven by several political and economic factors. Although Trump has not been a clear supporter of digital technology or digital currencies, his administration has taken steps that have indirectly contributed to the boom in some digital sectors.
The most important factors that affected the digital boom during his reign:
1. Lower taxes and ease regulations: Trump has cut corporate taxes, which has stimulated the growth of large and small companies in the technology sector. He has also eased some of the regulatory restrictions that were limiting the growth of technological innovation.
2. Promoting innovation in artificial intelligence and 5G: The Trump administration has focused on developing 5G technologies, prompting telecom and technology companies to invest more in this area. The government has also launched several initiatives to support research in the field of artificial intelligence.
3. Trade tensions with China: Trump has imposed protectionist policies against China, which has affected supply chains, especially in semiconductor manufacturing. This has encouraged American companies to consider reducing their dependence on foreign suppliers and investing in developing technology domestically.
4. His position on digital currencies: Although Trump does not support Bitcoin and digital currencies in general, as he explicitly criticized them and described them as an unsafe and risky tool, their value was indirectly affected by his administration’s financial and monetary policies, which prompted some to search for alternative investments such as Bitcoin.
Economic impacts on digital markets:
Tech Stock Market Growth: Stocks of major tech companies like Apple, Amazon, and Microsoft rose significantly during this period.
Growing interest in cybersecurity: With growing concerns about cyber attacks, especially due to tensions with China and Russia, interest in developing better security systems has increased, which has been reflected in the corporate sector specializing in this field.
Ultimately, although Trump's focus has not been directly on digital technology, his fiscal and trade policies have created an environment in which digital innovation has flourished.
