U.S. Trade Deficit Widens in July; Maintains Surplus with Brazil

In July, the U.S. trade deficit expanded by 7.9% to $78 billion, up from the revised figure of $73 billion in June, as reported by the Commerce Department. The 2.1% rise in imports drove this increase, reaching $345.4 billion. Exports saw a modest increase of 0.5%, totaling $266.6 billion. Throughout the year, the cumulative deficit […]