U.S. goods and services trade deficit widened 24.4% MoM to $88.6bn in July, the largest since early 2025, the Commerce Department said Thursday; economists' median forecast was $90.2bn. Imports rose 2.8% and exports fell 2.1%. Capital goods imports (including computers and accessories, semiconductors and telecom equipment, excluding autos) jumped 11.4%, the largest increase since 1993, driven by a surge in technology imports amid increased AI-related investment. The report also said recent swing

U.S. goods and services trade deficit widened 24.4% MoM to $88.6bn in July, the largest since early 2025, the Commerce Department said Thursday; economists' median forecast was $90.2bn. Imports rose 2.8% and exports fell 2.1%. Capital goods imports (including computers and accessories, semiconductors and telecom equipment, excluding autos) jumped 11.4%, the largest increase since 1993, driven by a surge in technology imports amid increased AI-related investment. The report also said recent swings in the deficit have reflected higher global demand for U.S. petroleum products amid the Iran war and firms' efforts to ease supply-chain disruptions.