The UK tech sector is weighing the impact of a landslide Trump presidential victory at the end of one of the most dramatic election periods in US history.
Crypto, blockchain and Web3 businesses have sounded a note of optimism about the future under a second Trump term, but others in the sector have expressed fear over trade wars and tariffs dampening global growth, as well as stifled prospects for climate tech companies.
Trade wars could hit UK growth
Trump, the self-proclaimed business guru, made a real point during his first presidency to take a US-centric policy on trade, with major tariffs placed on transactions.
Among his campaign promises, Trump pledged to impose a flat tariff of up to 20% on US imports, rising to 60% for goods from China. The Chinese yuan and stock markets have fallen sharply since Trump claimed victory. ...