It has been weeks since President-elect, Donald Trump was announced to take over the seat at the White House, but everyone is still talking about how his presidency will affect the country's economy and other industries, particularly the tech firms.
The latest report from HNGN highlights the fear that is felt across the country due to the uncertainty of the Trump administration in dealing with the American economy. Industries such as the technology sector are concerned about it as it is considered a major factor in the US market as well as in the global financial scene.
What most firms are worried of are the policies that the incoming president will establish, as anything that is implemented, changed or removed will bring effects in the American currency. These apprehensions have been around since Trump decided to run for President.
However, despite all these concerns, all these businesses and its owners and employees put their hope in Trump's pre-election promises. The incoming president pledged to create more jobs across the country. By doing so, Trump is said to decrease if not stop outsourced occupations. This has been one of the major reasons for the increase in unemployment over the country as it has closed many job opportunities for those in the working class.
If Trump can deliver what he has promised to do, the tech industry can generate more work and income within the country and not overseas. But, it is still interesting to see what impact this will bring to the said industry. Aside from such, tech firms will also feel a direct impact in anything that will happen in the auto industry. This is due to the recent innovative work integrating technology into cars.
Despite the continuous drop of the market figures in the global realm after Trump secured the win during the Election Night. His assurances towards the people and peace-making speeches have kept the boat afloat. Somehow, this work has taken away the fears of financial downfall.
