Expert Warns: Trump’s Trade Policies Could Spark Unprecedented Automation Surge
US President Donald Trump’s trade policies will “trigger the biggest wave of automation in history”, according to an economics expert writing on Forbes.com.
Trump has spoken out against a variety of international trade agreements to which the US had previously signed up to.
And since he became president, Trump has taken the US out of the Trans-Pacific Partnership and is discussing how to also take it out of the North American Free Trade Agreement, or Nafta.
Moreover, Trump has said he would impose taxes on certain imports because other countries tax imports from the US.
Some experts say this will lead to a trade war, and economic disagreements with China, which is part of TPP.
Writing on Forbes, Patrick Watson, who is senior editor at Mauldin Economics, says the disagreements and possible trade wars would accelerate the process of automation.
“Intense competition is already forcing automation, but new trade restrictions will add further urgency,” writes Watson.
Automation Control System
- DHL Foresees Automation and Digitalization to Transform Logistics Industry by 2025
- Will Automation End the Admin Assistant Role? Insights & Future Trends
- Robotics in the Workplace: 3 Transformative Ways Automation Will Reshape Your Business
- Leveraging Automation to Tackle the Global Retirement Challenge
- 2018: The Year Enterprise Automation Takes Center Stage
- Why 2017 Became the Year of Automation
- Automation: The Key Driver of Productivity in the Digital Economy
- Kryon: Automation Is Key to Strengthening Healthcare Amid Pandemic Strain
- Automation and Robotics: Redefining the Future of Industry
- Maximize ROI with Smart Automation: Selecting the Best Bar Feeder