Big Technology Podcast Trump Wins. What's Next for Tech and The Economy? — With Dan Primack and Ana Swanson
Nov 6, 2024
Dan Primack, business editor at Axios, and Ana Swanson, trade and economics reporter for The New York Times, dive into the implications of Trump's 2024 election win. They explore how his economic policies could impact inflation and the working class, while dissecting the future of US-China trade relations and semiconductor industries. Discussions also include potential shifts in tech antitrust laws, the influence of Elon Musk in the new administration, and the overall outlook for the economy under Trump. Tune in for keen insights and predictions!
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Key Election Issues
- The 2024 election likely hinged on economic concerns, especially inflation, and immigration.
- A 20-point swing towards Trump among independents in Georgia early in the night foreshadowed his victory.
Inflation's Impact
- Inflation significantly impacted Trump's win, despite strong economic performance under Biden.
- Voters felt the sting of higher grocery prices, overriding positive job growth and GDP.
Trump's Tax Cut Proposals
- Trump's proposed tax cuts target various groups, including eliminating taxes on Social Security, tips, and overtime.
- These proposals' feasibility depends on Congressional support and fiscal responsibility considerations.