
U.S. Trade Deficit Widens to $88.6 Billion in July
America’s trade gap expanded sharply in July, climbing to $88.6 billion as import growth outpaced export gains. The widening deficit reflects sustained consumer demand and rising costs for foreign goods, drawing attention from economists monitoring global trade imbalances.
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U.S. Trade Gap Ballooned in July
The trade deficit bounced back up last month as spending on data centers to feed the A.I. boom drove up imports.
By Ana Swanson
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