US Trade Deficit Widest In Two Years On Imports Surge

The US trade deficit expanded to $78.8 billion in July, up from a revised $73.0 billion in June, said the Commerce Department (Credit: AFP)

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

Overall, the trade gap widened to $78.8 billion, from a revised $73.0 billion in June, the Department of Commerce said.