adamparent - Fotolia

Trump calls tech leaders together

The channel has already seen prices rise thanks to currency rates and will be watching closely as Trump talks about trade deals and competition with tech leaders later this week

A who’s who of the US technology world will meet with Donald Trump next week as the president-elect holds a tech summit in New York.

A guest list that includes C level management from Apple, Oracle, Google, Microsoft, IBM, Intel and Cisco will be discussing a range of issues, including tax, regulations and how to negotiate better trade deals.

It is around the last area that the channel here will be watching with interest because there has already been a fair amount of impact to pricing this year as a result of currency rates.

If better trade deals mean even more preference for the domestic market at the cost of overseas customers then that trend might continue into 2017.

"I plan to tell the President-elect that we are with him and will help in any way we can,” said Oracle’s CEO Safra Catz is reported to have said about the meeting.

"If [Trump] can reform the tax code, reduce regulation and negotiate better trade deals, the US technology industry will be stronger and more competitive than ever," she added.

The decision by Trump to meet with some of Silicon Valley’s finest on Wednesday comes just a few weeks after some of the tech leaders in that community expressed a desire to turn their backs on Trump’s America and break away from the Union.

During the campaign Trump did talk about some tech issues, which might well come up in the meeting, including net neutrality.  There is also likely to be some talk about immigration, with fears that making it harder for foreign workers to come into the US will be a problem.

The select few

According to reports Trump’s tech summit will include a small but powerful group of leaders in the IT sector, including many names familiar to the channel:

Apple CEO Tim Cook
Microsoft CEO Satya Nadella
IBM CEO Ginni Rometty
Intel CEO Brian Krzanich
Oracle CEO Safra Catz
Cisco CEO Chuck Robbins
Alphabet CEO Larry Page
Facebook COO Sheryl Sandberg​

Following the Trumo victory last month fears were raised fairly quickly that IT services companies could lose business in the US following his election, if his protectionist rhetoric is followed through with policies and new laws.

Plenty of tech leaders made it clear they were supporting Hilary Clinton in the election. Some of the outspoken critics of Trump, during his campaign, included the HPE CEO Meg Whitman and there has also been some reaction from boss Marc Benioff and both are not expected to attend.

Trump's attempt to woo the technology leaders will no doubt be an on-going process and gain more momentum once he has been sworn into office.

Read more on Finance and Credit

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.