US Goods Trade Deficit Widens to $134.9bn in September

US trade deficit expanded 2.1% to $134.9bn, the widest since March 2025, as imports surged 2.4% to record $344.2bn led by a 7.5% jump in AI-related capital goods. The capital goods deficit alone widened $54.3bn year-over-year, accounting for more than the entire trade gap increase. Exports rose 2.6% to $209.2bn on food shipments. Widening deficits weigh on USD medium-term and complicate Fed policy outlook amid persistent inflation pressures.