Categories: Finance and Commerce

‘His Agenda Coming To Life’: Trump Secures Massive Foreign Investment To Build Out US Data Centers

“The Trump Data Center announcement today is his agenda coming to life before he even takes office,” former Republican Florida Rep. Matt Gaetz wrote on X Tuesday. “Data centers use lots of energy. They go where energy is most efficient, obviously. There is an expectation that American energy costs will come down. Thus, the billions are being invested here, not elsewhere.”

— unusual_whales (@unusual_whales) January 7, 2025

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“We want to get along with everybody,” Trump said regarding the tariffs. “But it takes two to tango.”

Power-hungry data centers have sprung up across the U.S. in recent years, with an August 2024 report from global real estate services company JLL finding data center occupancy has grown at a 30% compound annual growth rate since 2020. The centers have jacked up electricity demand on a grid that is already at risk, with Trump supporting the de-regulation of the U.S. energy industry in part to handle the rising demand.

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Greg Smith

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