US trade deficit in goods widens to new record in 2025

The US goods deficit stood at $1.24 trillion for all of last year, widening slightly from 2024's level to its biggest in Commerce Department figures dating back to 1960. But the trade gap in goods with China narrowed for the year, as US imports from the world's second-biggest economy dropped by 30 percent. When both goods and services were considered, the overall US trade deficit for 2025 narrowed to $901.5 billion, from $903.5 billion in 2024. This was still the third-widest deficit on record.