US trade deficit widens sharply in May as capital goods imports hit record high
- Posted on July 7, 2026
- By Business News Today
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- 1 min read
US trade deficit widens sharply in May as capital goods imports hit record high
The United States trade deficit significantly widened in May. Imports of capital goods reached a record high, driven by artificial intelligence investments. Exports experienced a decline, though petroleum shipments were strong. Trade has now subtracted from gross domestic product for two consecutive quarters. Current forecasts predict a modest economic growth rate for the second quarter.
