Key facts
- The U.S. trade deficit reached $105.6 billion in October.
- This marks the widest trade deficit since just before tariffs were enacted last year.
- Imports have increased significantly in recent months.
The U.S. trade deficit has expanded to its largest level in 17 months, reaching $105.6 billion in October. This widening gap between imports and exports occurred despite the Trump administration's implementation of tariffs intended to curb the deficit. Recent months have seen a significant increase in both imports and the overall trade imbalance.