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US trade deficit surpasses 88B
The United States' trade deficit in July 2026 was approximately $88.6 billion, marking the highest level in over a year due to increased imports and decreased exports. Despite the rise, the deficit remained below analysts' expectations, which were close to $90 billion. Exports declined by 2.1%, driven by reduced international demand for gold and oil, while agricultural and pharmaceutical exports increased. Imports went up by 2.8%, fueled by investments in data centers and higher imports of semiconductors and computers, although imports of services decreased slightly. Since the start of the year, the deficit has decreased by 30%, as exports grew more than imports, reflecting an ongoing improvement in the U.S. trade balance.
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