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U.S. trade deficit widened sharply in July after import rush to beat tariffs in Q2
On August 29, the U.S. Commerce Department's Census Bureau announced that the U.S. trade deficit in goods widened sharply in July as imports surged, suggesting trade could be a major drag on economic growth in Q3.
The goods trade gap soared 22.1% to USD 103.6 billion in July, widely surpassing the USD 89.45 billion
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