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US Trade Deficit Hits $77.6B as AI Imports Rise

7/7/2026

Summary

Story summary

The United States trade deficit expanded to $77.6 billion in May 2026.
Imports rose 3.3 percent to $395.3 billion, with capital-goods at $128.0 billion driven by AI equipment spending, Oren Klachkin said.
Exports fell 3.2 percent to $317.7 billion, with exports down 5.1 percent to $210.6 billion, while petroleum and service exports rose to $38.4 billion and $107.1 billion.
President Donald Trump’s 10 percent duty expires later this month as his administration readies two Section 301 probes on forced-labor imports and unfair subsidies.

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Story summary

The United States trade deficit expanded to $77.6 billion in May 2026.
Imports rose 3.3 percent to $395.3 billion, with capital-goods at $128.0 billion driven by AI equipment spending, Oren Klachkin said.
Exports fell 3.2 percent to $317.7 billion, with exports down 5.1 percent to $210.6 billion, while petroleum and service exports rose to $38.4 billion and $107.1 billion.
President Donald Trump’s 10 percent duty expires later this month as his administration readies two Section 301 probes on forced-labor imports and unfair subsidies.