US trade deficit widest in two years on imports surge

US trade deficit widest in two years on imports surge …C0NTINUE READING HERE >>>

The US trade deficit expanded to $78.8 billion in July, up from a revised $73.0 billion in June, said the Commerce Department.
Photo: Patrick T. Fallon / AFP/File
Source: AFP

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

Overall, the trade gap widened to $78.8 billion, from a revised $73.0 billion in June, the Department of Commerce said.

The growth was slightly more than…

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