Trump Receives Tech CEOs Support to Win Presidential Race
As the 2024 US election is getting closer, tech leaders are giving support to Donald Trump, signaling Trump and Big Tech potential shifts in Silicon Valley’s tech and political landscape.
Tech CEOs, such as Google’s Sundar Pichai and Apple’s Tim Cook,
Who might have been critical of Trump in the past, have reportedly reached out to the former President, showing Silicon Valley’s change of heart.
With the Tesla CEO openly endorsing the former US President, Trump and Musk have become – what is commonly known as – ‘two peas in a pot,’ ever since Musk hosted him on X back in August 12,2024.
This newly forged, politically driven, alliance has driven experts to question its true motives and how tech CEOs are quietly assessing the situation. A potential Trump victory in the 2024 elections could define the path of the tech industry’s future.
Trump and Big Tech Warm Up
While technology companies often tread very carefully around politics, a series of signals in recent days suggests industry leaders are revisiting their position on Trump and Big Tech leaders might be on to something.
Which tech billionaires support Trump? Elon Musk’s approval and financial backing make up a great change, as it amounts to a challenge that Trump’s pro-business agenda may benefit the tech industry. Trump’s wants to scale back antitrust investigations and relax privacy regulations find a ready audience in companies like Google and Meta, Mark Zuckerberg Trump has reached a level to where the pressure of from Republican and Democratic administrations could be taken out.
Apple’s Trump Ammunition Against EU Tariffs
Trump’s friendship with Apple’s Chief, Tim Cook, appears to have survived his first term in office, remaining intact.
Recent Trump and Big Tech news surfaced, revealing that Cook called Trump to address the European Union (EU) fines that could hurt Apple’s financials. Trump seemingly interpreted this conversation as a signal that Apple might benefit from favorable policies if he is reelected.
For Apple, a tariffs’ reduction could be immensely advantageous, equating to lesser costs due to the production after the company shifted production out of China.
Google’s Trump Reverie for Profitable Ads Business
Trump recently claimed that Google CEO Sundar Pichai congratulated him on a viral internet moment – this has not been confirmed. The comment suggests that Google’s leadership may be exploring ways to work with a potential Trump administration.
If Trump were to win, the easing or delay of antitrust investigations will create a more propitiously profitable environment for Google to grow its services and advertising business.
Amazon on Thin Ice
Amazon’s situation under a potential Trump presidency could differ from its fellow “Magnificent Seven” giants, namely Google and Apple.
Trump has criticized Amazon’s federal contracts and clashed with Jeff Bezos over The Washington Post‘s coverage. Yet Amazon’s cloud business and government work may also accelerate. This will take place under a Trump presidency especially if the company joins onto Trump’s initiatives in domestic manufacturing and logistics rather than plain CEO political donations that won’t make a difference has he desires.
Kamala Harris the Tech Savvy
Vice President Kamala Harris was once perceived as a figure to bridge the gap between Silicon Valley political influence and Washington.
In this case, however, and with Trump and Big Tech back in the frame, and supporting each other, many tech executives are hedging their bets. Harris, struggling to maintain broad industry support in the face of pressure, remains extremely confident that Biden’s administration will ultimately secure the support of tech donors and leaders.
Donald Trump has shown interest in Big Tech due to the sector’s economic benefits and strategic leverage. Even though he has his moments of criticism of tech monopolies, now he speaks about deregulation and business friendly policies, as well as showing signs of openness to cryptocurrencies with clearer regulatory guidelines to advance innovation and attract investment.
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