Trump Loves AI But His Tariffs Ramp Up Costs for Data Centers [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Washington, DC, Region Braces for ‘Devastating' Cuts from Congress NYC Plans for Flood Protection Without Federal Funds A Malibu Model for Residents on the Fire Frontlines Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style Data centers are booming by any measure, as tech giants from Microsoft Corp. ( MSFT ) to Amazon.com Inc. ( AMZN ) race each other – and China – for AI leadership. The industry now contributes a healthy chunk of US economic growth. But the centers have to be equipped once they're built, and much of the hardware comes from abroad, so trade wars could throw a wrench in the works. Trump has already imposed a 20% duty on China, and gone back and forth over a 25% charge for Mexico – the two biggest sources of US computer equipment imports. Steel and aluminum have gotten hit too. Many more tariffs are in the pipeline, and likely targets include countries that supply the data-center industry — largely in Asia — as well as
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