The Big Story 

The U.S. trade deficit grew to $88.6 billion in July, rising to its highest level in more than a year, according to new data from the Commerce Department.

© Mario Tama, Getty Images

The flow of goods and services out of the U.S. increased by $17.4 billion, ticking up from $71.2 billion in June. It marks the largest trade deficit since March 2025, when the figure sat at nearly $133 billion.

The uptick appears to be driven by an increase in imports of computers, computer accessories and semiconductors,