U.S. imports were higher than exports by about $106 billion in August, with the U.S. buying more products like crude oil, gold and semiconductors from abroad.
Data-center spending is greater than that for canals, railroads and grid combined—creating jobs and stock-market wealth, while boosting inflation and crowding out housing.
Americans, already unhappy with the cost of living, want relief from rising fuel costs and climbing mortgage rates. Economists caution that the war’s economic fallout won’t be undone overnight.