The US trade deficit surged 24.4% to $88.6B in July 2026 as AI-driven semiconductor and computer imports soared while crude oil and gold exports

The US trade deficit surged 24.4% to $88.6B in July 2026 as AI-driven semiconductor and computer imports soared while crude oil and gold exports

U.S. imports were higher than exports by $88.6 billion, versus $71.2 billion in June. Analysts polled were expecting a $90 billion deficit.