Economics
U.S. Trade Deficit Widened to a Record $75.7 Billion in June
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The U.S. trade deficit widened to a record in June, consistent with a rush by domestic importers to meet business investment and household spending.
The gap in trade of goods and services grew 6.7% to $75.7 billion, according to Commerce Department data released Thursday. That exceeded the median estimate for a shortfall of $74.2 billion in a Bloomberg survey of economists.