据摩根大通统计，去年AI数据中心的建设为美国GDP增长贡献了0.3%，约合1000亿美元。分析师预计今年的数据将达到类似水平。① The USA technology giants are increasing investments in building Datacenters to compete for leadership in AI, but Trump's trade war may disrupt this process; ② Trump's tariffs may raise the cost of Datacenters since most of the Hardware used in USA Datacenters comes from abroad, and tariffs could impact the prices of key components and Electrical Equipment.
As the AI boom continues, the major technology giants in the USA are increasing investments, racing to build Datacenters to seize leadership in AI. However, Trump's trade war might undermine all of this.
Trump's tariffs may raise the costs of Datacenters.
Since the beginning of his second term, Trump has supported the development of USA Datacenters and AI technology. One of his first major announcements included pushing SoftBank Group, OpenAI, and Oracle to invest up to $500 billion in AI infrastructure.
According to Statistics from JPMorgan, last year's construction of AI Datacenters contributed 0.3% to the growth of the USA GDP, approximately $100 billion. Analysts expect this year's data to reach a similar level.
However, Wall Street Analysts warn that most of the Hardware used in USA Datacenters comes from abroad, so tariffs could hinder the construction of these centers.
Currently, Trump has imposed high tariffs on China and Mexico; however, both countries are the two largest sources of USA Electric Appliances imports. Additionally, Trump's tariffs on Steel and Aluminum may also hinder the construction of Datacenters.
Furthermore, more of Trump's tariff impacts are brewing, possibly targeting the supply countries of the Datacenter Industry—mainly in Asia—as well as some critical components highly relied upon by the AI industry, such as Semiconductors.
Niccolo Lombati, an Analyst for Digital Infrastructure at BMI, a Fitch Group company, stated: "We believe that, given the USA datacenter market's dependence on a substantial global supply chain for materials and components, the widespread imposition of tariffs globally may pose significant downside risks to the USA datacenter market."
In addition to Wall Street Analysts, executives in the AI Industry are also concerned about the budget overruns and timeline delays risks caused by Trump's tariffs.
Although it is difficult to determine the exact share of datacenter equipment from outside the USA, even components and materials sourced domestically may face price increases due to tariff impacts, a chain reaction that has already been evident during the trade war in Trump's first term.
The costs of Electrical Equipment may also surge.
In addition to equipment and materials, tariffs could also lead to surging electricity costs for datacenters.
Datacenters consume huge amounts of electricity and are therefore viewed by numerous Electrical Utilities in the USA as a key source of demand growth. However, Ben Boucher, a Senior Analyst for Supply Chain Data and Analytics at Wood Mackenzie, stated that the tariffs may significantly impact the Electrical Equipment of upstream power generation companies serving datacenters.
He calculates that Trump's trade measures have caused an increase in costs for imported and domestically manufactured goods in the USA, meaning that the price of power transformers will rise by 8-9%, the price of electrical switchgear will rise by 6-7%, the price of circuit breakers will rise by 3-4%, and the price of wires and cables will rise by 6-7%.
It is difficult to quench the enthusiasm of the industry.
Despite the escalating trade war led by Trump, which may ultimately disrupt supply chains and make the costs of numerous AI projects unexpectedly high or result in longer timelines, it is undeniable that this remains unlikely to dampen the ambitions and enthusiasm of America's tech giants for AI.
In the past few months, several tech giants, including Google and META, have announced new projects worth hundreds of billions of dollars.
According to an analysis by Bloomberg Intelligence, assuming that all data center projects under construction proceed as planned and that spending during construction is evenly distributed, investments by American tech giants in AI Infrastructure are expected to grow by 64% this year, by another 14% in 2026, and then hit a peak of $135 billion in 2027.
"Tariffs are taxes on imported goods, and taxing imported goods will raise prices," said Patrick Lozada, global policy director of the Telecommunications Industry Association. "Datacenters will be the same, just like Consumer products or anything else."
Editor/lambor
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