US EditionUS Trade Deficit Widens in May as Trump Tariffs Fuel Uncertainty
- In July, US government data revealed an $11.3 billion increase in May's trade deficit to $71.5 billion, as both imports and exports declined amid tariffs' economic impact.
- Following Trump's January return, tariffs targeted Mexico, Canada, and China, then expanded to steel, aluminum, cars, and global goods on 'Liberation Day,' escalating trade tensions.
- Analysis shows May exports declined $11.6 billion to $279.0 billion, imports dipped 0.1% to $350.5 billion, with industrial supplies exports down 4%.
- Following the data, the S&P 500 fell 12% in a week and retail sales declined 0.9% in May, signaling economic slowdown linked to tariff impacts.
- As the 9 July deadline approaches, the future of tariffs depends on whether President Donald Trump extends the pause or reinstates aggressive levies, impacting trade policy.
55 Articles
55 Articles
The US trade deficit increased more than expected in May, with a slight drop in imports and a sharp fall in exports in the midst of the trade earthquake generated by Donald Trump's tariff policy.The world's largest economy recorded a trade deficit — the difference between what matters and what it exports — of $71.5 billion in May, after President Trump imposed a 10% tariff on most trading partners, according to the Department of Commerce's data …
US trade deficit widens in May due to Trump tariffs
The US trade deficit widened more than expected in May, government data showed today, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.
The U.S. trade deficit increased again in May, to $71.5 billion, according to data released by the Department of Commerce on Thursday, with a decline in U.S. exports.
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