Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

US Trade Deficit Widened to $50.1 Billion in July

The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, the Commerce Department said Wednesday.

(CN) — The U.S. trade deficit widened for the second straight month in July, reaching the highest level since February, the Commerce Department said Wednesday.

The government said the deficit in goods and services — the difference between what America sells and what it buys from other countries — rose to $50.1 billion in July from $45.7 billion in June.

Exports slipped 1 percent to $211.1 billion, while imports increased 0.9 percent to a record $261.2 billion on increased purchases of trucks and computers.

Overall, the trade deficit was up 7 percent for the first seven months of the year, compared to January-July 2017.

Categories / Economy, Government, National, Politics

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...