US trade deficit swells in December as imports surge
Summary
In December, the United States saw a larger trade deficit as imports rose significantly. The annual trade deficit in goods for 2025 reached a record high, despite President Trump's tariffs on foreign products. Imports increased due to a rise in demand for tech goods, while the trade deficit with China decreased but grew with Taiwan and Vietnam.Key Facts
- The U.S. trade deficit widened sharply in December 2025.
- The 2025 goods trade deficit was the highest on record at $1.24 trillion.
- Imports rose nearly 5% last year, driven by tech goods like computer chips.
- The trade gap with China decreased by nearly 32% to $202 billion.
- The trade deficit with Taiwan doubled to $147 billion and increased by 44% with Vietnam to $178 billion.
- Tariffs did not reduce the trade deficit; U.S. factory jobs fell by 83,000.
- December imports rose 3.6% to $357.6 billion, with major increases in industrial supplies.
- Exports slightly decreased in December, but capital goods export rose with semiconductor sales.
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