U.S. Trade Deficit Widens To $32 Bln In July

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With the value of imports increasing at a much faster pace than the value of exports, the Commerce Department released a report on Thursday showing that the U.S. trade deficit widened by much more than expected in July.

The report showed that the trade deficit widened to $32.0 billion in July from a revised $27.5 billion in June. Economists had been expecting the deficit to widen to $27.3 billion from the $27.0 billion originally reported for the previous month.

With the value of imports increasing at a much faster pace than the value of exports, the Commerce Department released a report on Thursday showing that the U.S. trade deficit widened by much more than expected in July. (Market News Provided by RTTNews)