In the first quarter of 2025, the U.S. current account deficit surged by 44%, reaching a record-breaking $450.2 billion. This marks the highest quarterly gap ever recorded and now accounts for 6% of the nationโs GDP โ the highest ratio since 2006.
On an annualized basis, the deficit has ballooned to $1.8 trillion, driven largely by a rush of imports as businesses scrambled to bring in goods ahead of expected new tariffs, pushing the trade imbalance to historic extremes.
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