BusinessQuiet 71d · day 72
US trade deficit hits $88.6B in July, largest in over a year
The July deficit surged 24% from June as AI-driven capital goods imports reached record levels, despite Trump's tariff efforts.
What to know
- The July trade deficit of $88.6 billion marks the highest level in over a year, surging 24% from June.
- Record-high capital goods imports driven by artificial intelligence sector demand fueled the widening deficit.
- Despite the monthly surge, the year-to-date trade gap remains down 30% compared to the same period in 2025.
President Trump U.S. PresidentU.S. Commerce Department Government agency
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