U.S. Trade Deficit Widened in July, but by Less Than Expected

Although the value of exports rose 1.6 percent, on growth in export of industrial supplies and autos, imports increased 1.7 percent.

By Vince Golle | September 06, 2023 at 11:07 AM

Photo: A cargo ship moves under the Bayonne Bridge as it heads into port on October 13, 2021, in Bayonne, New Jersey. (Photo by Spencer Platt/Getty Images)

The U.S. trade deficit widened in July by less than forecast, reflecting an increase in exports of cars and services.

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