Trump's Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft

Donald Trump has been elected as the 47th president of the United States, defeating his Democratic opponent Kamala Harris. Here’s a look at where Trump stands on issues surrounding the technology sector and some of the biggest companies on Wall Street.

Tariffs: President-elect Trump has promoted tariffs of 20% on all imports coming into the country and tariffs as high as 60% on goods made in China.

Companies like Apple, Inc. (NASDAQ:AAPL) which produces most of its products in China, could be heavily impacted by higher tariffs and may pass those costs onto the consumer as a result. 

Read More: Trump Pushes Forward With Controversial Tariff Plan Despite Growing Backlash From Voters Who Strongly Oppose It

Chips: The semiconductor industry could be highly effected by Trump’s potential tariff policies. The Biden administration hiked tariffs on semiconductors imported from China with the rate set to increase to 50% by 2025. It is likely Trump will maintain this policy and perhaps hike the tariffs even higher.

The outgoing administration enacted the CHIPS and Science Act to provide funding for American research, manufacturing ...