The technological aspect of the United States has always been a tough cookie to crack. The US has always kept a strong foothold in its technological arena, paving the way for other nations to replicate its unique innovations. However, with the change in financial hegemony with countries adapting to the multipolar narrative, the collective future is currently headed towards de-dollarization, which could potentially pose threats to these 5 specific US technological sectors.
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De-Dollarization: Is the US Losing Its Global Financial Foothold?
The narrative of de-dollarization is once again grabbing the central spotlight as Donald Trump begins its rigorous tariff policy implementation. Trump has already commenced its global tariff deployment plan, starting with imposing tariffs on the semiconductor domain.
Trump later stated how the tariff plans will come into effect “in the near future” with plans to levy 25% to 100% to encourage the manufacturing of the chips in the US.
“If you want to stop paying the taxes or the tariffs, you have to build your plant right here in America.” Trump later shared
In addition to this, the 47th US president is also planning to impose taxes on steel, aluminum, and copper imported to the US, as well as computer chips and pharmaceutical domains.
“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” Trump said.
This policy intends to deliver more strength to the US economy, making its infrastructure sturdier than ever. This move is also being deployed to streamline the US as a local production powerhouse rather than relying on global societies for the delivery of goods and services.
On the other hand, Trump’s idea of being “vocal for local” is pressing hard on nations that rely heavily on the US to earn their economic share. For instance, Trump’s rigorous import tariff policy may shun other nations, pushing them to look for alternate resources. This move may once again streamline the de-dollarization agenda that Donald Trump is cautiously trying to put a stop to.
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Technological Sectors That May Take a Hit If Nations Ditch the USD
If global nations decide to ditch the US dollar for good, it could impact these 5 technological sectors from the get-go.
- Semiconductor Manufacturing
- Artificial Intelligence
- Data Analytics and Storage
- Gaming Industry
- Internet of Things
Talking about semiconductor manufacturing, disparities noted in USD-denominated arenas could impact supply chains, which could push nations to look for alternatives.
In the sector of AI, reduced demand for AI-denominated services could play a major role. For instance, the launch of Chinese AI DeepSeek triggered a massive mayhem in US stocks, which could become a pattern if the USD loses its global footing.
The data analytics and storage domain may also take a major hit as nations would pivot to countries offering better devices if the USD plunges in the middle.
The cost of processing multiple currencies could jeopardize the US gaming domain, increasing production and operational costs if the USD loses the currency game.
USD-denominated IoT services could also face disruption as the world would prefer to look for alternatives if the dollar loses its crown.
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