US trade deficit hits a record $1.2 trillion as AI hardware imports surge under the Trump administration — massive demand for chips from Asia outpaces domestic production, fueling a 60% increase in imports in 12 months

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AI-related imports across the computing and electronics sector have led to a big increase in the U.S. trade deficit, hitting a record $1.2 trillion in 2025, despite efforts from the Trump administration to reduce the gap.