You are currently viewing US trade deficit surges to $50.1 bn in July on record imports
Trade Deficit

US trade deficit surges to $50.1 bn in July on record imports

WASHINGTON: The US trade deficit surged in July on record imports that created burgeoning gaps with trading partners in the crosshairs of President Donald Trump’s aggressive policies, according to government data released today.
And with US goods facing retaliatory tariffs in many countries, exports dropped sharply that month, the Commerce Department reported.
The difference between imports and exports of goods and services jumped more than $4 billion, an increase of 9.5 percent, to $50.1 billion.

 

 

Tags:

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.