TRUMP: WE WILL CRUSH INDIA TECH WORK
Trump is reportedly considering banning American tech companies from outsourcing their work to India, and Silicon Valley is sweating bullets.
Here’s why this is huge: For decades, U.S. companies have sent IT work overseas because it’s cheaper.
In fact, by 2023, they spent a jaw-dropping $132B on outsourcing, with nearly 4 out of 10 tech jobs shipped abroad.
Most of that work went to India, which has built a $62B industry off American companies alone.
But Trump’s message is simple: if U.S. firms stop sending jobs to India, American workers win.
Supporters say it could bring back around 300,000 jobs a year that have been leaving the country.
Critics warn it could spark trade tensions with India, which has dominated outsourcing for decades thanks to lower costs.
This wouldn’t be Trump’s first move.
Back in his first term, he introduced rules to curb outsourcing, too, and now he’s hinting at doubling down.
If the ban actually happens, it could be one of the biggest shake-ups in tech and trade in years, hitting India’s economy hard and forcing U.S. companies to either hire at home or pay the price.
Source: @nicksortor, Forbes
Mike
