US runs record trade deficit in goods
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The US recorded the largest deficit in trade with the EU, at 218.8 billion euros. This saw the European Union overtake China, which previously held first place with a $202.1 billion deficit. However, the deficit with China remains large; In 2024, it was $295.4 billion, while it decreased in 2025.
The US foreign trade deficit in November was upwardly revised to $53 billion. Exports fell 1.7% in December to $287.3 billion, while imports climbed 3.6% to $357.6 billion.
US trade deficit rose to $70.3 billion in December 2025, ending a year in which the overall gap was largely unchanged despite tariff efforts. Imports increased while exports fell. For 2025, deficit totalled $901.