U.S. trade deficit widens 24.4% to $88.6B in July
U.S. trade deficit widened 24.4% to $88.6 billion in July as strong domestic demand boosted imports. The report says trade could remain a drag on third-quarter economic growth.
The U.S. trade deficit widened sharply in July as strong domestic demand boosted imports, positioning trade to exert another drag on economic growth in the third quarter.The trade shortfall increased 24.4% to $88.6 billion, the Commerce Department's Bureau of Economic Analysis and Census Bureau sai…