Imbalance soars to $77.6bn in May as imports outpaced exports, driven by pharmaceuticals and semiconductors.
Published On 7 Jul 20267 Jul 2026
The United States trade deficit has jumped to $77.6bn in May on rising imports, driven by goods that include pharmaceuticals, mobile phones and semiconductors.
Imports ticked up 3.3 percent from April to $395.3bn while exports fell 3.2 percent to $317.7bn, according to a report released on Tuesday by the US Department of Commerce’s Bureau of Economic Analysis and the Census Bureau.
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Overall, the trade gap grew by 42.2 percent from the previous month to $77.6bn, marking the biggest jump in a year.
The surge came amid a boom in artificial intelligence spending across the economy. Notably, semiconductor imports jumped by $1.2bn.
In the oil and gas sector, petroleum imports jumped to their highest level on…
