America’s AI Boom Has a Trade Policy Blind Spot
U.S. imports of data center equipment reached $653 billion in 2025, more than double their 2020 level. That total breaks into two distinct supply chains: nearly $580 billion in computing hardware (servers, chips, networking, cooling) and more than $70 billion in power infrastructure (transformers, switchgear, lithium-ion batteries). Tariffs and export controls have reshaped the first. … Read More