How Trade Wars Impact the Tech Industry?

Last updated: July 17, 2023 Reading time: 4 minutes
Disclosure
Share
Trade Wars Impact the Tech Industry?

Many people view the internet as an international landscape where every user is treated equally, as enshrined in net neutrality. However, we have learned that this is not the case. Within a year of Trump taking office, net neutrality was gutted in the US, opening the door for Internet Service Providers (ISPs) to charge extra for access to certain content or throttling the speeds other content is delivered. Geography also plays a role, as people are forced to use proxies to change their IP addresses. Yes, there are easy and quick ways to do that.

As Trump’s “good and easy to win” trade war approaches its second year of not being won, the impacts spread out across the American economy. The effects of Trump’s trade war also spread beyond the USA, especially regarding the tech industry’s impact. More broadly, the internet and the tech industry are starting to feel the pinch in several unexpected ways.

Vietnam

One of the few beneficiaries of Trump’s trade war has been Vietnam. The nation has been undergoing an economic boom recently, driven partly by the realization that the Vietnamese economy is more significant than the government thought it was. However, the trade war between the US and China has made Vietnam a suddenly very attractive supplier for several industries, especially the tech industry.