The Trade Deficit Just Blew Out to $77.6 Billion. Are the Tariffs Even Working?

The U.S. trade deficit widened sharply to -$77.6B in May from -$54.0B in April, the widest monthly gap since March 2025. The $23.6B increase signals a notable deterioration in the trade balance versus the prior month and may add pressure to growth and sector sentiment.

Analysis

The U.S. trade deficit widened sharply to -$77.6B in May from -$54.0B in April, the widest monthly gap since March 2025. The $23.6B increase signals a notable deterioration in the trade balance versus the prior month and may add pressure to growth and sector sentiment.