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Trade Deficit Widens 6.3% to $72.2 Billion, Worse than Expected

Mish

Economists expected the trade deficit to widen, but the report was outside the range of any estimate.

The Advance Economic Trade Report (Goods Only), shows The international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion in June.

Exports of goods for July were $140.0 billion, $2.5 billion less than June exports.

Imports of goods for July were $212.2 billion, $1.8 billion more than June imports.

The Advance report is goods only the full report is goods plus services.

Trump will not be pleased.

Mike "Mish" Shedlock

Comments (4)
No. 1-4
flubber
flubber

Question....could firms have imported more in the past month in an attempt to avoid tariffs to be implemented?

Escierto
Escierto

Strong dollar is going to kill exports for the foreseeable future. Jerome is driving a dagger into the heart of Trump's vampire economy.

Bam_Man
Bam_Man

Exporting more inflation (dollars). Will only get worse as the Fed continues to tighten. Their 2% inflation "target" will continue to be missed.

Realist
Realist

I guess that after it hits 80 billion a month, Trump will take credit when it drops to 75 billion. His “strategy” seems to be: claim “mission accomplished” after he make everything worse!

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