The Opinion: American businesses can’t afford to risk another Trump term

With the possibility of Donald Trump returning to the presidency, the business world finds itself on the cusp of complex economic challenges. Under a new mandate, American businesses could face increased protectionist policies, increased international instability and a growing tax burden due to a rising federal debt. These issues could impact not only technology, but also diverse sectors of the American economy. The prospect of such a presidency raises critical concerns for the future of business and the global economic climate.

Protectionism and its repercussions

Donald Trump’s trade policy, focused on protectionism marked, had the effect of hampering some of the largest American technology companies. By targeting Chinese giants such as Huawei and TikTok, Trump has shown little regard for the broader interests of American companies that operate globally. A new mandate could thus strengthen trade barriers, further complicating international trade and harming the competitiveness of United States businesses.

A growing federal debt

By 2024, the US budget deficit is expected to reach more than $1.9 trillion. This represents more than 6% of GDP. This increase in federal debt is a major source of concern for the country’s economy. Under a new Trump term, few concrete plans have been put forward to stem this problem. Potentially overburdened taxation could create additional uncertainties for businesses, reducing investment and hampering innovation.

Risks linked to international instability

Trump’s international policies have often been described as simplistic and populist. His return to power could lead to a new round of global tensions, affecting already volatile markets. The widespread distrust it harbors with some countries could make international business environments more hostile, making it difficult for U.S. companies to secure strategic partnerships.

Radical transformation of technological regulation

Under the direction of Lina Khan, the Federal Trade Commission (FTC) has closely scrutinized mergers and acquisitions in the technology sector. Trump’s arrival could change this regulatory environment by providing fewer restrictions for some businesses and increasing pressure on others. This possible upheaval could destabilize the shares of major technology stocks, leading to a climate of uncertainty among investors and entrepreneurs.

Business reactions to these challenges

Many companies prefer policies that are predictable and focused on strong international cooperation. A Trump return could seize these priorities and exacerbate a tense economic climate. For businesses looking to grow, innovate and prosper, an unpredictable economic playing field could prove disastrous. This context is forcing business leaders to assess the increasingly uncertain economic implications of another Trump presidency.