Advertisement
Opinion | From oil to bitcoin, Trump envisions multipronged US ‘gold standard’
US policies regarding fossil fuels and technology are reshaping monetary norms as the country seeks to benchmark itself against China
Reading Time:3 minutes
Why you can trust SCMP
The arrival of the Chinese artificial intelligence (AI) tool DeepSeek has reignited conversations about technological governance. This month’s AI Action Summit in Paris, France was attended by global leaders like European Commission President Ursula von der Leyen, French President Emmanuel Macron and Indian Prime Minister Narendra Modi.
Advertisement
Among them, US Vice-President J.D. Vance shared four major US policy viewpoints on AI. First, the Trump administration “will ensure that American AI technology continues to be the gold standard worldwide, and we are the partner of choice for other foreign countries and certainly businesses as they expand their own use of AI”.
Second, he said, the US believes “excessive regulation of the AI sector could kill a transformative industry just as it’s taking off”. Namely, the Trump administration wants more AI deregulation.
Third, Vance said the administration feels “very strongly that AI must remain free from ideological bias, and that American AI will not be co-opted into a tool for authoritarian censorship”.
Fourth, the US “will maintain a pro-worker growth path for AI”. The Trump administration does not fear job losses and instead sees AI as a tool for job creation.
Advertisement
The constant tornado of executive orders and speeches by key US officials on global issues suggest the key theme of Trump’s policy is to create a fortress America, defended by tariffs and border walls while aiming to achieve the “gold standard” in energy, military and monetary power.
Advertisement