According to the National Association of Manufacturers’ (NAM) Monday Economic Report for this week, imports were up $17.8 billion from the prior month, to $419.0 billion, while U.S. exports increased by $0.5 billion. The boost in the trade deficit was due to surging imports of consumer goods, which were up $22.5 billion. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that year-to-date, the goods and services deficit increased $189.6 billion, or 92.6 percent, from the same period in 2024.