US trade deficit rose sharply last month

The US saw an unexpected jump in its trade deficit last month as the cost of imports of manufactured goods soared. Bloomberg reported this.

It cited data from the United States Department of Commerce that showed the trade deficit rose 11.5 percent from the previous month to $132.6 billion. This is the highest value since the beginning of 2025.

Imports of goods increased by 5.5 percent, mainly due to a 16.6 percent increase in the cost of incoming shipments of manufactured goods. U.S. merchandise exports rose 1.9 percent.