Not just globally, U.S also hit hard by Trump's tariffs: Microsoft backs out of $1 billion Ohio plant citing rising costs

Microsoft has cancelled its $1 billion data centre project in Ohio, citing rising costs due to tariffs imposed by the Trump administration. Initially set to create thousands of jobs and boost the local economy, the decision reflects broader struggles in the tech industry with increasing infrastructure costs. While the project is paused, Microsoft will still fund road and utility upgrades.