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INSANE: Us trade deficit widest in two years on imports surge | Rare Historical Photos

United States Deficit Carl Weinberg Matthew Martin Rubeela Farooqi

The US trade deficit expanded to $78.8 billion in July, up from a revised $73.0 billion in June, said the Commerce Department (Credit: AFP)

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

Overall, the trade gap widened to $78.8 billion, from a revised $73.0 billion in June, the Department of Commerce said.

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