How the Widening Trade Deficit Is Weighing on US GDP Growth

The US economy grew at just 1.5% in the second quarter of 2026, and a major culprit is the widening trade deficit. In May alone, the goods and services deficit hit $77.6 billion, up from $54.6 billion in April. Imports surged while exports lagged, despite a weakening dollar. We break down the numbers from the latest GDP report and trade data, explore why the dollar's drop hasn't boosted exports, and discuss what this means for inflation and Federal Reserve policy. Plus, we look at how rising oil prices and global tariff tensions are compounding the drag on growth. #USGDP #TradeDeficit #Imports #Exports #DollarWeakness #FederalReserve #Inflation #OilPrices #Tariffs #EconomicGrowth #Q2GDP #CurrentAccount #TradeBalance #GlobalTrade #Economics #FexingoBusiness #BusinessPodcast #TradeDeficitPodcast Keep every episode free: buymeacoffee.com/fexingo