US trade deficit hits 2025 high
The US trade deficit for July rose to $118.8 billion, the highest level since March 2025, marking a 17.2% increase from the previous month. This was driven by a 3.7% rise in imports, especially in capital goods such as computers and semiconductors, while exports declined by 2.9%. American trade is influenced by geopolitical tensions, changes in tariffs, and fluctuations in global demand for petroleum products.
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