US Goods Trade Deficit Larger Than Expected âšī¸
US trade deficit in goods widened to $103.6 billion in July 2025, with imports rising 7.1% to $281.5 billion while exports slightly decreased 0.1% to $178 billion, driven by inventory front-loading ahead of new US tariffs.
Significant trade deficit expansion indicates potential economic slowdown, increased import costs, and potential inflationary pressures. The substantial increase in imports, especially industrial supplies and capital goods, suggests complex supply chain dynamics and potential market disruptions.