The US goods trade deficit widened by -$22.8 billion, or -27%, in May, to -$105.8 billion, the largest since March 2025.
This marks the largest monthly increase since November 2025.
US goods exports fell -$11.8 billion, or -5%, to $207.7 billion, the lowest since February, driven by a sharp decline in industrial supplies, particularly energy shipments.
Meanwhile, imports rose +$10.9 billion, or +4%, to $313.4 billion, the highest since March 2025.
The trade deficit is widening again.
BREAKING: The US goods trade deficit widened by -$22.8 billion, or -27%, in May, to -$105.8 billion, the largest since March 2025.
This marks the largest monthly increase since November 2025.
US goods exports fell -$11.8 billion, or -5%, to $207.7 billion, the lowest since… pic.twitter.com/hdzMEMYPEK
— The Kobeissi Letter (@KobeissiLetter) July 4, 2026