US trade deficit widest in two years on imports surge

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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