The United States trade deficit reached a higher level than recorded since March 2025. The revised figure for July was $92.0 billion, representing an increase of more than $12.7 billion compared to the previous figure, all occurring in a scenario influenced by policies implemented by Donald Trump.
This new deficit record began to be noted in March 2025, a period when the effects of customs tariffs imposed during Donald Trump's second term as President of the United States started to manifest.
In August of this year, American imports grew by 4.3%, totaling $420.8 billion, while exports registered an advance of 1.4%, amounting to €315.2 billion.
Analyzing the year-to-date total, the deficit in goods and services decreased by $138.2 billion compared to the same period last year, corresponding to a reduction of 19.9%. In the same period, exports increased by 11.8% (reaching $267.7 billion), and imports rose by 4.4% (totaling $129.5 billion).
Specifically in August, the $17.2 billion increase in goods imports was driven mainly by a $9.1 billion growth in industrial supplies and materials, highlighting crude oil and non-monetary gold, in addition to a $6.2 billion increase in capital goods. Service imports, on the other hand, had a modest increase, less than $100 million, reaching $78.5 billion.
On the other hand, the $4.4 billion increase in goods exports, raising them to $205.7 billion, mainly reflects the growth of €6.3 billion in the sale of industrial equipment and materials. Service exports also showed discreet growth, below $100 million, totaling $109.5 billion in August.
Regarding goods trade, the United States deficit with Mexico reached $27.7 billion, followed by China with $16.4 billion, and with the European Union, $11.0 billion.
With Canada, a country with which the US has not yet formalized a new trade agreement, the deficit increased by $4.1 billion, reaching $7.1 billion. This increase was accompanied by a growth of $500 million in exports, which reached $29.9 billion, and an increase of $4.6 billion in imports, totaling $37.1 billion.