
The U.S. trade deficit is widening, reaching $105 billion. Despite tariffs, the deficit has continued to grow, partly driven by rising imports to support the expansion of AI infrastructure. With a strong U.S. dollar making foreign goods relatively cheaper, importing can remain more cost-effective than domestic production, even amid inflationary pressures.

Source: U.S. Bureau of Economic Analysis, U.S. Census Bureau
Seasonally Adjusted, 3 months moving average
This graph was produced by Lucas Juery, CFA, CFPⓇ and is not intended to provide financial advice.
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