September 4, 2026 4:02 PM
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US trade deficit increased by 24.4% in July due to decline in exports and rise in imports
The US trade deficit in goods and services surged 24.4 per cent in July, to 88.6 billion US dollars. That is higher than the upwardly revised figure of 71.2 billion US dollars recorded in June, according to data from the US Bureau of Economic Analysis (BEA) and the US Census Bureau. The increase c...