The US merchandise trade deficit widened to its highest level since the beginning of last year in July, and the recovery in capital and equipment imports led to a sharp increase in overall imports. According to data released by the US Department of Commerce on Thursday, the commodity trade deficit in July increased 17.2% from the previous month to US$118.8 billion, the largest since March 2025. Economists surveyed by Bloomberg estimated a median deficit of $100.5 billion. The above figures are not adjusted for inflation. In July, US imports of goods increased by 3.7%, while exports fell by 2.9%.
Zhitongcaijing · 2d ago
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The US merchandise trade deficit widened to its highest level since the beginning of last year in July, and the recovery in capital and equipment imports led to a sharp increase in overall imports. According to data released by the US Department of Commerce on Thursday, the commodity trade deficit in July increased 17.2% from the previous month to US$118.8 billion, the largest since March 2025. Economists surveyed by Bloomberg estimated a median deficit of $100.5 billion. The above figures are not adjusted for inflation. In July, US imports of goods increased by 3.7%, while exports fell by 2.9%.
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