Descriptions:
This Bloomberg Technology interview features Jason Oxman, president of the Information Technology Industry Council, discussing how US tariff policy uncertainty is threatening the infrastructure buildout underpinning America’s AI leadership. The conversation coincides with two breaking developments: the European Union announcing it was freezing ratification of an already-negotiated US trade agreement, and India suspending an incoming trade delegation to Washington.
Oxman argues that the tech industry’s core concern extends well beyond finished goods to upstream inputs — construction materials for data centers, semiconductors, networking equipment, and power grid hardware — all of which cross international borders multiple times before going live. He notes that 95% of the world’s consumers live outside the United States, making export access for AI technology equally as critical as managing import costs for physical infrastructure. The US-EU digital trade relationship alone is valued at close to $1 trillion annually.
The interview specifically highlights NVIDIA’s dual exposure as both the largest S&P 500 company by market cap and a business heavily reliant on foreign capital to build out domestic data centers. Oxman also flags the administration’s use of Section 122 tariffs, which carry a statutory 150-day cap, warning that the window for resolution before structural investment decisions are delayed is narrowing. His central message: the current tariff posture is working directly against the administration’s stated priority of establishing durable US dominance in global AI development and deployment.
📺 Source: Bloomberg Technology · Published February 23, 2026
🏷️ Format: News Analysis
