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U.S. Trade Deficit Soars 11.1%, Sparks GDP Concerns

6/27/2025

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Summary

Story summary

In May 2025, the U.S. merchandise-trade deficit increased to $96.6 billion, up 11.1% from April.
Exports dropped by 5.2%, the largest decline since the pandemic began, while imports held steady.
This widening deficit raises concerns regarding potential effects on second-quarter GDP growth.
Agriculture Secretary Brooke Rollins received backlash for making misleading statements about the trade deficit.

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Story summary

In May 2025, the U.S. merchandise-trade deficit increased to $96.6 billion, up 11.1% from April.
Exports dropped by 5.2%, the largest decline since the pandemic began, while imports held steady.
This widening deficit raises concerns regarding potential effects on second-quarter GDP growth.
Agriculture Secretary Brooke Rollins received backlash for making misleading statements about the trade deficit.