Trade Deficit Increased Sharply to $63.6 Billion in July

From the Department of Commerce reported : The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $63.6 billion in July, up $10.1 billion from $53.5 billion in June, revised. July exports were $168.1 billion, $12.6 billion more than June exports. July imports were $231.7 billion, $22.7 billion more than June imports emphasis added Click on graph for larger image. Both exports and imports increased in June. Exports are down 20% compared to July 2019; imports are down 11% compared to July 2019. Both imports and exports decreased......(read more)

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