US trade gap in July hits biggest in over a year on AI buildout

U.S. Trade Gap Ballooned in July

“The U.S. trade deficit in goods and services grew to the biggest gap in 16 months in July, as America imported more electronics to feed the country’s artificial intelligence boom,” the New York Times reports.

US trade deficit grows to $88.6B

The U.S. trade deficit hit $88.6 billion in July, its highest level in over a year, driven by a surge in technology imports.

US trade deficit hits highest since March 2025, surges 24.4% to $88.6 billion in July as AI boom drives imports

The deficit grew to $88.6 billion, a 24.4 percent increase from the previous month, as the trade gap in the world’s largest economy faced pressure from declining exports and rising import costs.

US trade gap in July hits biggest in over a year

The US trade deficit in July hit its largest since March 2025, driven by rising imports of AI tech products and falling exports of crude oil and gold. Read more at straitstimes.com.

Trade deficit grew 24% in July as Trump rebuilds tariffs; trade gap is down 30% this year

The U.S. trade deficit grew to $88.6 billion in July, a 24% increase from June, as the country imported goods to fuel the artificial intelligence boom and President Trump worked to rebuild his tariff framework after legal setbacks.