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.

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