WASHINGTON—The U.S. trade deficit widened in July as Americans’ appetite for foreign-made goods bounced back while exports rose more modestly. The foreign-trade gap in goods and services expanded 19% from the prior month to a seasonally adjusted $63.56 billion in July, the Commerce Department said Thursday. That was the largest monthly trade deficit since July 2008, during the 2007-2009 recession. The growth of the deficit reflected a pickup in U.S. demand for foreign-made goods and services as states eased restrictions on business activities across the country. That pushed the monthly goods deficit to its widest level on record.

Source: Wall Street Journal September 03, 2020 12:53 UTC