
US Trade Deficit Widens Sharply in July Amid Surge in Imports
The United States recorded a 24.4 percent increase in its monthly trade deficit, reaching $88.6 billion as domestic demand drove a sharp rise in imports. The widening gap highlights ongoing imbalances between American consumption patterns and export capacity.
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US trade deficit surges 24.4% to $88.6bn in July, goods gap with India at $5bn
Washington: The US goods and services trade deficit surged 24.4 per cent to $88.6 billion in July, up $17.4 billion from a revised $71.2 billion in June,...
By Times of Oman
Read full article →International Business: US deficit widens amid surge in domestic goods demand - Gulf Daily News (Bahrain)
International Business: US deficit widens amid surge in domestic goods demand Gulf Daily News (Bahrain)
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