{"id":569425,"date":"2026-07-31T23:11:32","date_gmt":"2026-07-31T23:11:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/569425\/"},"modified":"2026-07-31T23:11:32","modified_gmt":"2026-07-31T23:11:32","slug":"ai-related-imports-prove-to-be-drag-on-us-growth","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/569425\/","title":{"rendered":"AI-related imports prove to be drag on US growth"},"content":{"rendered":"<p>The US economy grew more slowly than expected in the second quarter, as AI-related imports weighed on otherwise robust economic data. <\/p>\n<p>Consumer spending picked up despite inflation and business investment <a href=\"https:\/\/www.wsj.com\/economy\/u-s-economic-growth-slowed-to-1-5-in-second-quarter-003c464f?mod=djemalertNEWS\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">driven by the AI buildout remained strong<\/a>, but that AI boom cut against overall growth, as the country imported more semiconductors. <\/p>\n<p>The economy in the first 18 months of US President Donald Trump\u2019s tenure has withstood a \u201c<a href=\"https:\/\/www.reuters.com\/world\/us\/trump-economy-18-months-is-tale-shocks-resilience-signs-stalled-progress-2026-07-27\/\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">series of policy-driven economic shocks,<\/a>\u201d including tariffs and the Iran war\u2019s energy crisis, better than economists expected, Reuters wrote. But recent polls reflect <a href=\"https:\/\/abcnews.com\/Politics\/americans-economy-concerned-costs-polls\/story?id=135167569\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">a darkening economic mood<\/a> ahead of the midterm elections: 65% of Americans felt that Trump\u2019s policies <a href=\"https:\/\/www.cnn.com\/2026\/07\/29\/politics\/cnn-poll-donald-trump-midterms-polls-iran-war\" class=\"_linkEmbed_1pt7l_31\" rel=\"noopener nofollow\" target=\"_blank\">have worsened economic conditions<\/a>, a CNN poll found.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/0d499ee20d476adc420a5080d5bc90130c38f198-2132x1948.png\"  alt=\"US semiconductor imports\" width=\"740\" height=\"676\" decoding=\"async\" loading=\"lazy\" fetchpriority=\"high\" class=\"_imageEmbed_glfao_40 _fullContentArea_glfao_44\" style=\"max-width:100%;color:transparent\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"The US economy grew more slowly than expected in the second quarter, as AI-related imports weighed on otherwise&hellip;\n","protected":false},"author":2,"featured_media":569426,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-569425","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/569425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=569425"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/569425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/569426"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=569425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=569425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=569425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}