United States Balance of Trade

Last Release

Jun 30, 2025

Actual

-60.18

Units In

USD Million

-71.52

Frequency

Monthly

Next Release

Sep 04, 2025

Time to Release

22 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
1,946 Jun 1975	-109,802 Mar 2022	-16,626.53 USD Million	1950-2025	U.S. Census Bureau

The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).

Latest Updates

U.S. President Donald Trump extended the tariff truce with China by 90 days, delaying steep duty hikes as retailers prepare for the holiday season. An executive order signed Monday pushed higher tariffs to mid-November, keeping U.S. rates on Chinese goods at 30% and Chinese duties on U.S. goods at 10%. Without the extension, tariffs would have jumped to 145% and 125%, respectively, risking a near trade embargo. The delay allows for lower rates on seasonal imports, such as electronics, apparel, and toys. On Sunday, Trump demanded China quadruple its U.S. soybean purchases, though no agreement was confirmed. “We’ll see what happens,” he told reporters, citing his “good relationship” with Chinese President Xi Jinping.