THE SURGE IN THE IMPORT OF UNITED STATES COMPUTING EQUIPMENT HAS DRIVEN THE TRADE DEFICIT TO A NEW HIGH SINCE MARCH 2025

ON 27 AUGUST, UNITED STATES MERCHANDISE IMPORT DATA FOR JULY INCREASED BY 3.7 PER CENT MORE THAN EXPECTED, WHILE UNITED STATES MERCHANDISE EXPORTS DECLINED BY 2.9 PER CENT. IMPORTS OF CAPITAL GOODS (MAINLY COMPUTERS AND ACCESSORIES, SEMICONDUCTORS AND TELECOMMUNICATIONS EQUIPMENT) REGISTERED THE LARGEST INCREASE SINCE 1993. THIS IS HIGHLY CONSISTENT WITH THE LOGIC OF THE PHYSICAL DELIVERY OF HIGH-PERFORMANCE AI SERVER COMPONENTS, AC CORE ACCELERATOR, NETWORK INFRASTRUCTURE EQUIPMENT, DATA CENTRE ELECTRICAL SYSTEMS AND LIQUID COLD COMPONENTS THAT ARE CONTINUOUSLY IMPORTED INTO THE ARTIFICIAL INTELLIGENCE DATA CENTRE。