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"Pay Your Own Way", Donald Trump Warns Data-Hungry Tech Firms

Key Takeaways

  • Donald Trump wants major tech firms to cover their own electricity costs instead of shifting expenses to US households;
  • He plans to work with companies like Microsoft on changes to stop rising utility bills linked to data centers;
  • Electricity prices in the US have climbed by 40% over the past 5 years, with Trump blaming Democrats for the increase.

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"Pay Your Own Way", Donald Trump Warns Data-Hungry Tech Firms

President Donald Trump said major technology firms should pay for the electricity their data centers use instead of passing the costs on to American households.

Posting on Truth Social on January 13, he said he does not want “Americans to pay higher electricity bills because of data centers".

President Trump accused Democrats of allowing household energy costs to rise and said he plans to work with top US tech companies to ensure they contribute fairly. He promised more details on this plan in the coming weeks.

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He also mentioned Microsoft by saying his team has been in talks with the company and that it will soon make “major changes” to prevent Americans from paying more because of corporate energy use.

Microsoft has not confirmed any such plans, and it is unclear what actions President Trump was referring to.

According to the St. Louis Federal Reserve, the average US electricity price has climbed by about 40% over the past five years. Prices differ by region, depending on fuel costs, grid upgrades, and state regulations.

President Trump said that while data centers are important for the country’s growth and security, the companies that build them should “pay their own way".

He described the US as a global leader in artificial intelligence (AI), and added that data centers are essential to that progress.

Recently, President Trump warned Republicans that losing Congress in the midterms could lead Democrats to pursue a third impeachment by citing past failed efforts. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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