U.S. Trade Deficit Expands Significantly in May to $77.6 Billion

The U.S. trade deficit for goods and services widened considerably in May 2026, reaching $77.6 billion, up from $54.6 billion in April. This increase was primarily driven by a decrease in exports and a rise in imports. While the services surplus saw a slight gain, the goods deficit expanded by $23.6 billion, indicating a notable shift in international trade balances.