The US trade deficit widened sharply in December and the annual goods trade deficit rose by 2.1 per cent year on year to a record US$1.24 trillion in 2025, despite the widespread imposition of tariffs, US Commerce Department data showed. The goods trade deficit with China fell to a 21-year low.
The gap between US exports and imports of goods and services hit US$70.3 billion in December, up 32.6 per cent from November, contributing to a full-year deficit of US$901.5 billion, down just 0.2 per…
