US Edition
US trade deficit widens in July on soaring imports
The US trade deficit surged 32.5% to $78.3 billion in July as imports rose 5.9%, driven by companies stockpiling ahead of tariff hikes, Commerce Department data showed.
- The Commerce Department reported last month the U.S. goods trade gap rose 22.1% to $103.6 billion as American businesses rushed to import ahead of tariff changes.
- Following the April 2 tariff announcement, U.S. companies surged imports to front‑run President Donald Trump's 10% tariffs imposed in April and delayed higher rates effective early August.
- Imports surged, with U.S. imports climbing $20 billion to $358.8 billion and U.S. exports rising $800 million to $280.5 billion, led by industrial materials and machinery and equipment gains.
- The real trade deficit, adjusted for inflation, approached $100.1 billion last month, with gold imports surging $9.6 billion and pushing the deficit with Switzerland up $7.6 billion to $7.7 billion.
- Analysts say the import spike may dent third-quarter growth, with economists polled by Reuters forecasting a $89.45 billion deficit and the Atlanta Federal Reserve estimating 2.2% GDP growth.
48 Articles
48 Articles
US trade deficit grew in July as consumers raced the effects of Trump's tariffs
America's trade deficit widened in July, ballooning to more than $78 billion and up 32.5% from the month before, according to new federal data out Thursday.America's imports and exports imbalance comes as President Donald Trump's tariffs continue to ripple through the global economy, despite the president imposing the tariffs in part to bring down the trade deficit.The latest figures show U.S. imports were up nearly 6% in July, as American consu…
US Trade Gap Widest In 4 Months As Imports Surge Ahead Of Fresh Tariff Wave
The US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.
Strong U.S. Demand Widens Trade Gap as Hiring Cools, Costs Ease
Official releases from the U.S. Census Bureau, the Bureau of Economic Analysis, the Department of Labor, the Bureau of Labor Statistics, and the Energy Information Administration show a clear pattern. Americans spent freely, imports jumped, hiring cooled at the edges, and business costs eased. The trade figures set the tone. July exports reached $280.50 billion […]
Donald Trump wants to slow down imports with his tariffs. However, in July he apparently achieved the opposite. The new labour market figures will also make the US president unhappy.
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