US Trade Deficit Soars 12 Year High

Like
Like Love Haha Wow Sad Angry

The trade deficit in July spiked 18.9 percent to $63.6 billion, the highest since July 2008 during the Great Recession, according to Commerce Department data released Thursday.


Sponsor

Trump Calls Emergency Meeting At The White House

Rumours say Trump called a secret emergency meeting at the White House after learning about this weirdo device.

>> WATCH THIS IMMEDIATELY <<


Imports spiked $22.7 billion since June, while exports increased by just $12.6 billion.

The deficit, which represents the difference between how much the U.S. bought from abroad and how much it sold abroad, was concentrated in goods, where the deficit rose $9.3 billion to $80.9 billion in July.

The overall deficit was tempered by a surplus in services, which decreased $0.8 billion to $17.4 billion.

Read more at thehill.com

 

What Are Your Thoughts?

comments

Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!

Related posts