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US Trade Deficit Soars 32.5%, Sparks Economic Concerns

9/6/2025

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Story summary
  • In July, the US trade deficit increased by 32.5% to $78.3 billion due to rising imports.
  • Imports rose 5.9% to $358.8 billion, while exports grew only 0.3% to $280.5 billion.
  • The goods trade deficit with China expanded by $5.3 billion to $14.7 billion.
  • Industrial supplies and non-monetary gold imports surged by $9.6 billion.
  • The annual trade deficit neared $840 billion, a 23% increase from last year, raising economic growth concerns.