US imports of goods and services fell $11.0 billion, or 3.2%, to $331.4 billion in October 2025, marking their lowest level since January 2024 and reflecting the dampening impact of tariffs on consumer demand. Imports of goods dropped $12.1 billion to $255.0 billion, largely due to a $14.3 billion decline in pharmaceutical preparations. Purchases of industrial supplies and materials also fell $2.7 billion, partly driven by reduced imports of nonmonetary gold. In contrast, capital goods imports rose $6.8 billion, supported by increased purchases of computer accessories, telecommunications equipment, and computers. Meanwhile, imports of services climbed $1.1 billion to $76.3 billion, with growth across travel, other business services, and insurance services.