"The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries. But the gap in the trade of goods such machinery and aircraft - the main focus of Trump's protectionist policies - hit a record last year despite sweeping import taxes. Overall, the gap the between the goods and services the U.S. sells other countries"
"And the U.S. deficit in the trade of goods widened 2% to a record $1.24 trillion last year as American companies boosted imports of computer chips and other tech goods from Taiwan to support massive investments in artificial intelligence. Amid continuing tensions with Bejing, the deficit in the goods trade with China plunged nearly 32% to $202 billion in 2025 on a sharp drop in both exports to and imports from the world's second-biggest economy."
The overall U.S. trade deficit narrowed slightly to just over $901 billion in 2025, down from $904 billion in 2024, marking the third-highest on record. Exports rose 6% and imports nearly 5%. The goods deficit reached a record $1.24 trillion as U.S. companies increased imports of computer chips and other tech goods from Taiwan to support artificial intelligence investments. The goods deficit with China fell about 32% to $202 billion, while gaps with Taiwan and Vietnam expanded sharply. Goods imports from Mexico outpaced exports by about $197 billion, and the services surplus grew to $339 billion.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]