US trade deficit surges amid artificial intelligence spending boom

North America Business Thu, 09 Jul 2026 05:47:38 GMT Moderate confidence — 74/100

Imbalance soars to $77.6bn in May as imports outpaced exports, driven by pharmaceuticals and semiconductors.
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.

Imbalance soars to $77.6bn in May as imports outpaced exports, driven by pharmaceuticals and semiconductors.
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.

Sources: Al Jazeera