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July US Trade Deficit Widens on Higher Imports, Lower Exports

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The US international trade deficit widened to $88.58 billion in July from a $71.18 billion gap in June, compared with a wider $90.2 billion gap expected in a survey compiled by Bloomberg as of 7:35 am ET.

Exports fell in the month, while imports increased.

Exports of industrial supplies, food and beverages and auto supplies all decreased in July, while exports of capital goods and consumer goods both increased.

Imports of capital goods and consumer goods both increased, while imports of industrial supplies, auto supplies and food and beverages all decreased.

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