The Future of AI and Trade

The truth is that data centers need chips and servers—but they also need, literally, nuts and bolts. Plus, air conditioning, generators, cement, lightbulbs, and even coffee cups for workers. So while Japan, South Korea, and Taiwan are essential at the top end, strong relationships with markets like ASEAN and Mexico, which are strong in the middle, also matter. 

It’s not just about goods trade, either. Ultimately, we believe AI leadership will also result in more trade in services. For example, U.S. multinationals may train models that are then hosted in data centers built by American tech giants, serving clients anywhere.

More broadly, to stay a global leader, the United States needs all kinds of connections, not just those related to trade. Capital is one, and indeed, foreign capital already funds important U.S. assets, such as semiconductor labs and data centers. Intellectual property is another. It is important to ensure that knowledge can be shared, whether through licensing or through people.