How Nvidia GPU Imports Skew Trade Data: The Markup Is Really US Production

EigenGender · x · 2026-08-27

A discussion of a trade-accounting quirk: when companies import machines with Nvidia GPUs, the whole amount is booked as an import, but Nvidia's margin should arguably count as American production, since the GPU design is worth the markup. The author notes this is normally harmless with modest year-over-year sales growth, but crazy AI growth rates produce weird results in the data.

Original post →

More from Infra

Infra channel →