U.S. trade gap hits highest since March 2025
The U.S. trade deficit widened by 17.2% in July, reaching $118.8 billion, the highest level since March 2025. This increase was driven by a 3.7% rise in imports of goods, including capital equipment, computers, and semiconductors. Meanwhile, exports fell by 2.9%, as markets reacted to ongoing trade tensions and disruptions in supply chains, compounded by the impact of the US-Iran war on global demand for petroleum products. The report indicates that the surge in imports is mainly due to capital goods and investments related to artificial intelligence, although some categories of imports saw declines, reflecting significant fluctuations in global trade and the influence of trade policies and international tensions.
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