- The U.S. trade deficit has surged as the generative AI wave drives imports of computers and chips for data centers, contrary to President Trump’s goal of reducing the deficit.
- Total imports of computers, components, and semiconductors exceeded $450 billion in one year, up more than 60% compared to when President Trump took office.
- Total goods imports reached $3,400 billion, while the 2025 trade deficit hit a record $1,200 billion.
- The deficit with Taiwan doubled to $146 billion due to reliance on advanced AI chips.
- Data center construction is highly dependent on imports, with 35 gigawatts of capacity currently being deployed in North America.
- Import tax exemption policies for electronic equipment have further stimulated import demand.
- Big Tech companies have driven the stock market, contributing over 50% of the S&P 500’s 88% gain.
- Efforts to onshore chip production face difficulties; the plan to shift 40% of capacity from Taiwan is deemed “impossible” in the short term.
- Conclusion: The U.S. trade deficit has surged as the generative AI wave drives imports of computers and chips for data centers, contrary to President Trump’s goal of reducing the deficit. Imports of chips and equipment reached over $450 billion, a 60% increase, while reliance on Taiwan remains significant with a $146 billion deficit. Efforts to domesticate chip production are struggling, and the plan to transfer 40% of capacity from Taiwan is considered “impossible” in the short term.
