US Goods Trade Deficit Widens on AI Import Surge
The US goods trade deficit widened more than expected in September as imports reached a record high. Strong demand for AI infrastructure and consumer goods drove the increase, pointing to a potential drag on third-quarter economic growth.
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The United States goods trade deficit widened 2.1% to $134.9 billion in September as imports hit a record high. The widening reflects heavy capital goods demand driven by the artificial intelligence infrastructure buildout. Economists estimate the trade gap subtracted up to 4 percentage points from third-quarter GDP growth.
