Trade
US Trade Deficit Widens to $78.8 Billion, Largest in Two Years
- Shortfall in goods and services trade increased 7.9% in July
- Goods trade deficit with China widened to largest since 2022
Operations at the Port of Long Beach, California.
Photographer: Eric Thayer/BloombergThis article is for subscribers only.
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The US trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and partly reflecting stepped-up efforts by companies to ensure adequate supply ahead of a potential dockworkers’ strike.