The U.S. trade deficit expanded in August to its widest in over a year, reaching roughly $106 billion, driven by increased imports of crude oil, gold, and semiconductors. The data-center boom has boosted semiconductor and computer imports by $234 billion year-to-date. Meanwhile, Volvo Cars CEO Håkan Samuelsson outlined a strategy to revive the brand by sharing parts with its Chinese owner Geely while protecting Western markets from Chinese access.
The goods trade deficit narrowed to $137 billion in August, though it remains significant year-to-date. Morgan Stanley forecasts 86 gigawatts of data-center demand by 2028.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing