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US trade deficit grows, as imports outpace exports for the first time in over a year

Latest data show computer equipment and other capital goods contribute to imbalance

The U.S. trade deficit rose to $77.6 billion in May, up 42.2% from April, its largest deficit since March 2025, when businesses were bulking up imports to get ahead of broad-based tariffs on foreign goods announced by the Trump administration.

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