US Goods Trade Deficit Hits $134.9 Billion, Widest Since March 2025
As seen on the 24/7 Wall St. homepage on October 28, 2026.
A wider goods gap subtracts from fourth-quarter GDP math, and the 7.5% jump in capital-goods imports says AI hardware buyers are still pulling in computers and semiconductors despite tariffs.
US TRADE DEFICIT HITS LARGEST LEVEL SINCE MARCH 2025 The US goods trade deficit widened 2.1% to $134.9 billion in September, exceeding economists' expectations of $130.2 billion. Imports rose 2.4%, driven by a 7.5% surge in capital goods, including computers, semiconductors,
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The September goods trade deficit widened to $134.9 billion, missing expectations, and a wider trade deficit subtracts directly from fourth-quarter GDP.
The driver worth watching is a 7.5% surge in capital goods imports, including computers and semiconductors. That kind of jump tells you AI hardware buyers are still pulling in equipment at an aggressive pace, tariffs or not, which speaks to the durability of that spending cycle.
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For investors tracking the macro backdrop, the size of the miss relative to expectations matters as much as the deficit itself. When the actual number runs that far ahead of consensus, it tends to prompt quick revisions to Q4 growth estimates from Wall Street desks.
If capital goods imports hold at elevated levels, the drag on GDP math persists into year-end, keeping pressure on growth forecasts even if domestic demand stays firm.