Trump's tariffs were supposed to close the trade deficit. The AI boom had other plans | Fortune
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Trump's tariffs were supposed to close the trade deficit. The AI boom had other plans | Fortune
"AI-related products accounted for 23% of all U.S. imports last year, including storage hardware and graphic processing units, reflecting the technology's growing importance."
"Imports of AI-related products have grown 73% since 2023, while imports of non-AI-related products have risen only 3%, indicating a significant shift in trade dynamics."
President Trump's tariff policy aimed to boost U.S. manufacturing, but the AI boom has emerged as a key driver of the trade economy. AI-related private investment reached $286 billion, with over $140 billion allocated for infrastructure and data centers. This surge in AI has led to a 73% increase in imports of AI-related products, while non-AI imports grew only 3%. The demand for construction materials and equipment for data centers has kept U.S. import growth positive amid tariff pressures.
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