U.S. Trade Deficit Reaches Five-Month High in July
September 6, 2018
The trade gap increased by $50.1 billion in July, a 9.5 percent jump from June, according to the Commerce Department. This increase was the largest single-month increase since 2015.
Exports of both soybeans and civilian aircraft declined, while imports increased sharply.
In the first seven months of the year, the trade deficit is up 7 percent as compared to the same period last year.