US Trade Deficit Soars as Goods Gap Hits Record High
Key Points: The December trade deficit jumped over 32% to $70.3 billion. The gap for physical goods hit an all-time high in 2025. Imports surged due to demand for AI equipment and industrial supplies. Factory jobs declined by 83,000 despite aggressive new tariffs. The United States bought far more from other countries than it sold in December, causing the trade deficit to widen sharply. According...