The U.S. imported more goods and services than it exported — around $70 billion worth — in December, according to new data from the U.S. Bureau of Economic Analysis.

Trade deficits were volatile throughout 2025 as importers responded to President Trump's shifting tariff announcements.

A retreat in Canadian exports of autos, gold and aircraft to start the year drove the country’s trade deficit with the world to its widest level in five months in January.