US trade deficit reaches March 2025 peak

The U.S. trade deficit in July rose to $118.8 billion, the highest level since March 2025, marking a 17.2 percent increase from the previous month. This was driven by a 3.7 percent rise in imports of capital goods, including computers and semiconductors, while exports declined by 2.9 percent. This performance reflects fluctuations in the U.S. trade balance resulting from changes in global demand, customs procedures, and geopolitical tensions, alongside continued increases in imports of AI-related equipment and market gains from demand for petroleum products.

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