U.S. Trade Deficit Broadens By Less Than Expected

The US trade deficit widened in May as imports rose and exports tumbled.

The gap in goods and services trade grew 42.2 percent from the prior month to $77.6 billion, Commerce Department data showed Tuesday. Exports declined by 3.2 percent by value in May, driven by a drop in the volatile nonmonetary gold category. Imports rose 3.3 percent to the highest level since March 2025.

The wider deficit suggests that the U.S. household’s demand for goods and services remains high. Imports of consumer goods rose by $3.5 billion, driven by demand for smartphones and pharmaceuticals. Automotiver imports rose by $2.1 billion, including $1.0 billion in…

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