Financial News: U.S. Trade Deficit Widens Substantially In May

U.S. Trade Deficit Widens Substantially In May

07/07/2026 - 08:39:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of May.

The Commerce Department said the trade deficit widened to $77.6 billion in May from a revised $54.6 billion in April.

Economists had expected the trade deficit to surge to $78.7 billion from the $55.9 billion originally reported for the previous month.

The sharply wider trade deficit came as the value of imports shot up by 3.3 percent to $395.3 billion, while the value of exports plunged by 3.2 percent to $317.7 billion.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Latvia Trade Gap Widens In May (07 hr(s), 38 min(s), 48 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit increased in May from a year ago, as imports grew f ...Full Story»

Portugal Inflation Confirmed At 3.2% (08 hr(s), 07 min(s), 48 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation moderated slightly in June amid a reduction in ...Full Story»

Romania Trade Gap Narrows In May (08 hr(s), 55 min(s), 48 sec(s) ago)
(RTTNews) - Romania's foreign trade deficit decreased in May from a year ago as exports grew f ...Full Story»

Turkey Industrial Output Remains Flat In May (09 hr(s), 19 min(s), 48 sec(s) ago)
(RTTNews) - Turkey's industrial production stayed unchanged in May after rebounding in the pre ...Full Story»

Denmark Inflation Remains Stable In June (09 hr(s), 46 min(s), 48 sec(s) ago)
(RTTNews) - Denmark's consumer price inflation held steady in June after rising to a 5-month h ...Full Story»

French Inflation Eases As Estimated (10 hr(s), 06 min(s), 48 sec(s) ago)
(RTTNews) - France's consumer price inflation slowed in June as estimated driven by the decele ...Full Story»

Czech Inflation Confirmed At 1.5% In June (10 hr(s), 32 min(s), 48 sec(s) ago)
(RTTNews) - Czechia's consumer price inflation moderated as estimated initially in June to the ...Full Story»

Italy Industrial Production Shrinks 0.3% (12 hr(s), 05 min(s), 48 sec(s) ago)
(RTTNews) - Italy's industrial production declined for the first time in four months in May, t ...Full Story»