Data & financial journalist covering global economics and policy
Northern Virginia and Texas have emerged as the core hubs of America’s data center boom. As demand for artificial intelligence and cloud services accelerates, data centers are becoming critical infrastructure — and a major new source of energy demand.
The deficit has eased from its 2022 peak, yet imports still far exceed exports as strong consumer demand, a strong dollar, and supply chain shifts sustain a record-era trade gap.
The U.S. trade deficit nearly doubled in November, jumping 95% as imports rose faster than exports, highlighting renewed volatility tied to tariffs and shifting trade flows.
President Donald Trump said the U.S. will impose a 10% tariff on imports from eight European countries starting February 1, tying the move to opposition over Greenland.