U.S. Trade Deficit Soars 42.2% in May, Reaching $77.6 Billion
The U.S. trade deficit surged 42.2% to $77.6 billion in May, the highest since March 2025, driven by a 3.3% rise in imports and a 3.2% fall in exports. This reversal from April's narrowed gap signals a likely drag on Q2 economic output.